Reverse Mortgage Rates and Origination Fees for Thursday, January 11, 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up this week on an unchanged origination fee quote. Our survey once again had zero fee quotes; the lowest rate on a zero fee quote ticked up slightly from last week.
Wednesday, January 11 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 January 11 3.350% $6,000 $77,235 + $63,099
Change from January 4 +0.043 No Change -$1,560
Lowest Origination Fee January 11 4.525% $0 $70,815 + $55,136
Change from January 4 +0.043 No Change  +$868
1 The following lenders report their interest rates and origination fees to All Reverse, Signet Mortgage, First Bank, Retire Secure, Goldwater Bank, Longbridge Financial, Centennial Home Mortgage
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.