Reverse Mortgage Rates and Origination Fees for Thursday, August 3, 2017
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey edged down this week. The lowest reported origination fee was unchanged on a slightly lower rate.
Thursday, August 3 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 August 3 3.229% $4,250 $90,190 + $65,040
Change from July 27 -0.007 No Change No Change
Lowest Origination Fee August 3 3.729% $2,975 $91,465 + $65,040
Change from July 27 -0.007 No Change No Change
1 The following lenders report their interest rates and origination fees to All Reverse, Signet Mortgage, First Bank, Retire Secure, The Federal Savings Bank, Goldwater Bank, Bank of England, Longbridge Financial
2 Adjustable-rate pricing published every Thursday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months

View historical market rates on HECM reverse mortgages.