Reverse Mortgage Rates and Origination Fees for Thursday, December 21, 2017
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up again this week on a significantly lower origination fee quote. The lowest reported origination fee was unchanged on a slightly higher rate quote.
Wednesday, December 21 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 Dec 21 3.548% $2,500 $76,700 + $61,224
Change from December 14 +0.037 -$1,500 -$917
Lowest Origination Fee Dec 21 4.048% $2,200 $71,420 + $57,637
Change from December 14 +0.037 No Change -$2,423
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 Wednesday; 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.