Thursday, March 19 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 19 | 1.846% | $4,499 | $84,202 + $66,566 |
Change from March 12 |
-0.024 ![]() |
no change |
-$16 ![]() |
Lowest Origination Fee March 19 | 2.596% | $2,500 | $86,201 + $67,066 |
Change from March 12 |
-0.024 ![]() |
no change |
+$592 ![]() |