Thursday, May 14 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 May 14 | 2.016% | $6,000 | $82,701 + $66,695 |
Change from May 7 |
-0.070 ![]() |
no change |
-$47 ![]() |
Lowest Origination Fee May 14 | 2.766% | $2,500 | $85,841 + $66,948 |
Change from May 7 |
-0.070 ![]() |
no change |
-$47 ![]() |