Reverse Mortgage Rates and Origination Fees for Tuesday, October 4 2016
Posted 9:20am EST
The best interest rate in Fixed-Rate HECMs reported by lenders remained unchanged this week for the 8th straight week.  The lowest origination fee (rebate) available on a Fixed-Rate HECM also remained unchanged from last week.
Tuesday, October 4 Report on Pricing of Fixed-Rate2 HECM Reverse Mortgage
Pricing by 6 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,000
Lowest Interest Rate October 4 4.250% $0 $92,961
No Change
Change from Sept 27 No Change No Change
Lowest Origination Fee October 4 4.990% $-1,951 $94,912
No Change
Change from Sept 27 No Change No Change
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, First Bank, Retire Secure, The Federal Savings Bank, Goldwater Bank
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.