Reverse Mortgage Rates and Origination Fees for Tuesday, April 18 2017
by Jack Guttentag
Posted 9:35am EST
The lowest rate reported by lenders in our Fixed-Rate HECM survey was unchanged for the fourth consecutive week. The lowest origination fee was also unchanged this week.
Tuesday, April 18 Report on Pricing of Fixed-Rate2 HECM Reverse Mortgage
Pricing by 6 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,000
Lowest Interest Rate April 18 4.750% $3,500 $89,461
No Change
Change from Apr 11 No Change No Change
Lowest Origination Fee April 18 4.990% $2,500 $90,461
No Change
Change from Apr 11 No Change No Change
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, First Bank, Retire Secure, The Federal Savings Bank, Goldwater Bank, Bank of England
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday
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View historical market rates on HECM reverse mortgages.