Thursday, February 20 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 20 | 2.793% | $4,499 | $84,202 + $67,214 |
Change from February 13 |
-0.042 ![]() |
no change |
-$28 ![]() |
Lowest Origination Fee February 20 | 3.293% | $2,500 | $86,201 + $67,550 |
Change from February 13 |
-0.042 ![]() |
no change |
-$28 ![]() |