Reverse Mortgage Rates and Origination Fees for Thursday, March 8 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.037% on an unchanged origination fee quote this week. The lowest origination fee bumped up to $2,200 with a significantly lower associated interest rate.
Wednesday, March 8 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 8 3.497% $6,000 $74,355+ $61,193
Change from March 1 +0.037 No Change +$22
Lowest Origination Fee March 8 4.497% $2,200 $67,355 + $54,238
Change from March 1 -0.338 +$2,200 +$3,749
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.