Reverse Mortgage Rates and Origination Fees for Thursday, March 1 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.062% on an unchanged origination fee quote this week. Our survey once again had zero fee quotes; the lowest rate on a zero fee quote also ticked up by 0.062% from last week.
Wednesday, March 1 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 March 1 3.460% $6,000 $74,355+ $61,171
Change from February 22 +0.062 No Change -$2,400
Lowest Origination Fee March 1 4.835% $0 $65,955 + $51,889
Change from February 22 +0.062 No Change -$2,114
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.