Thursday, April 2 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 2 | 1.969% | $6,000 | $82,701 + $66,664 |
Change from March 26 |
+0.035 ![]() |
+1,501 ![]() |
-1,477 ![]() |
Lowest Origination Fee April 2 | 2.719% | $2,500 | $86,201 + $67,164 |
Change from March 26 |
+0.035 ![]() |
no change |
+$23 ![]() |