Reverse Mortgage Rates and Origination Fees for Thursday, November 9, 2017
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up again this week. The lowest reported origination fee was down slightly on a significantly lower rate quote.
Thursday, November 9 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 Nov 9 3.363% $4,500 $76,140 + $62,109
Change from November 2 +0.015 No Change +$2,546
Lowest Origination Fee Nov 9 3.863% $2,450 $72,610 + $58,534
Change from November 2 -0.735 -$50 +$15,032
1 The following lenders report their interest rates and origination fees to All Reverse, Signet Mortgage, First Bank, Retire Secure, The Federal Savings Bank, Goldwater Bank, Bank of England, Longbridge Financial
2 Adjustable-rate pricing published every Thursday; 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.