Reverse Mortgage Rates and Origination Fees for Tuesday, August 28 2018
by Jack Guttentag
Posted 9:45am EST
The lowest rate and in our Fixed-Rate HECM survey was unchanged for the 26th consecutive week.  Once again a zero origination fee quote was the lowest in the survey with an unchanged rate from last week. 
Tuesday, August 28 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 August 28 3.990% $4,375 $74,825
no change
Change from August 21 No Change No Change
Lowest Origination Fee August 28 4.750% $0 $70,920
no change
Change from August 21 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, Goldwater Bank, Longbridge Financial, Centennial Home Mortgage
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.