Reverse Mortgage Rates and Origination Fees for Tuesday, August 30 2016
by Jack Guttentag
Posted 9:05am EST
The best interest rate in Fixed-Rate HECMs reported by lenders remained unchanged this week.  The lowest origination fee available on a Fixed-Rate HECM also remained unchanged from last week.
Tuesday, August 30 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 30 4.250% $0 $92,961
No Change
Change from August 23 No Change No Change
Lowest Origination Fee August 30 4.990% $-1,951 $94,912
No Change
Change from August 23 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
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.