Reverse Mortgage Rates and Origination Fees for Tuesday, September 26 2017
Posted 9:35am EST
The lowest rate and lowest origination fee reported by lenders in our Fixed-Rate HECM survey were both unchanged for the 18th consecutive week. Maximum cash draws will be educed next week as the new FHA mortgage insurance premiums and principal limit factors go into effect.
Tuesday, September 26 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 September 26 4.250% $2,975 $91,465
No Change
Change from September 19 No Change No Change
Lowest Origination Fee September 26 4.990% $2,500 $91,940
No Change
Change from September 19 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, Bank of England, Longbridge Financial
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.