Reverse Mortgage Rates and Origination Fees for Thursday, March 15 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.048% on an unchanged origination fee quote this week. The lowest origination fee was unchanged on a slightly higher rate.
Wednesday, March 15 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 15 3.545% $6,000 $74,355+ $61,223
Change from March 8 +0.048 No Change +$30
Lowest Origination Fee March 15 4.545% $2,200 $67,355 + $54,264
Change from March 8 +0.048 No Change +$26
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.