Reverse Mortgage Rates and Origination Fees for Thursday, October 12, 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 unchanged on a slightly higher rate.
Thursday, October 12 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 October 12 3.305% $4,250 $77,731 + $63,071
Change from October 5 +0.023 No Change +$15
Lowest Origination Fee October 12 4.555% $2,500 $65,801 + $54,269
Change from October 5 +0.023 No Change +$12
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.