Thursday, April 16 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3 | |||
---|---|---|---|
Pricing by 7 competing Reverse Mortgage Lenders1 | Interest Rate | Origination Fee | Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004 |
Lowest Interest Rate April 16 | 2.051% | $6,000 | $82,701 + $66,718 |
Change from April 9 |
+0.001 ![]() |
no change | no change |
Lowest Origination Fee April 16 | 3.051% | $2,500 | $85,841 + $67,138 |
Change from April 9 |
+0.001 ![]() |
no change | no change |