Reverse Mortgage Rates and Origination Fees for Thursday, August 4, 2016
Posted 10:00am EST
The best interest rate and origination fee reported by lenders were unchanged from last week.
Thursday, August 4 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 6 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 4 2.932% $4,500 $154,980 + $1,479
Change from July 30 No Change No Change
Lowest Origination Fee August 4 4.182% $2,500 $154,980 + $1,479
Change from July 30 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
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.