Reverse Mortgage Rates and Origination Fees for Thursday, February 2, 2017
by Jack Guttentag
Posted 9:35am EST
The best interest rate on adjustable-rate HECMs ticked down slightly on quotes reported by lenders this week.  The lowest origination fee remained unchanged from the previous week low.
Thursday, February 2 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 Feb 2 3.224% $4,500 $88,461 + $65,040
Change from Jan 26 -0.009% No Change No Change
Lowest Origination Fee Feb 2 4.474% $3,300 $86,781 + $65,040
Change from Jan 26 -0.009% No Change No Change
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: 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
Use the Kosher Reverse Mortgage Calculator Learn How the Kosher Reverse Mortgage is Different

View historical market rates on HECM reverse mortgages.