Reverse Mortgage Rates and Origination Fees for Thursday, March 22 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey rose by 0.070% on an unchanged origination fee quote this week. The lowest origination fee was unchanged on a  higher rate quote.
Wednesday, March 22 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 22 3.615% $6,000 $74,355+ $61,265
Change from March 15 +0.070 No Change +$42
Lowest Origination Fee March 22 4.615% $2,200 $67,355 + $54,302
Change from March 15 +0.070 No Change +$38
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.