Thursday, July 16 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 July 16 | 1.730% | $6,000 | $82,701 + $66,505 |
Change from July 9 |
-0.026 ![]() |
no change |
-$17 ![]() |
Lowest Origination Fee July 16 | 2.470% | $2,500 | $86,201 + $66,998 |
Change from July 9 |
-0.026 ![]() |
no change |
-$17 ![]() |