Thursday, March 5 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 5 | 2.382% | $4,499 | $84,202 + $66,939 |
Change from February 27 |
-0.347 ![]() |
no change |
-$232 ![]() |
Lowest Origination Fee March 5 | 3.132% | $2,500 | $86,201 + $67,441 |
Change from February 27 |
-0.222 ![]() |
no change |
-$150 ![]() |