Thursday, June 4 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 June 4 | 1.924% | $6,000 | $82,701 + $66,634 |
Change from May 28 |
-0.008 ![]() |
no change |
-$5 ![]() |
Lowest Origination Fee June 4 | 2.664% | $2,500 | $86,201 + $67,127 |
Change from May 28 |
-0.008 ![]() |
no change |
-$6 ![]() |