Thursday, February 13 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 February 13 | 2.835% | $4,499 | $84,202 + $67,242 |
Change from February 6 |
+0.028 ![]() |
no change |
+$19 ![]() |
Lowest Origination Fee February 13 | 3.335% | $2,500 | $86,201 + $67,578 |
Change from February 6 |
+0.028 ![]() |
no change |
+$628 ![]() |