Tuesday, April 7 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 7 | 3.680% | $4,500 | $79,341 No Change |
Change from March 31 | No Change | No Change | |
Lowest Origination Fee April 7 | 5.060% | $0 | $68,541 No Change |
Change from March 31 | No Change | No Change |