Reverse Mortgage Rates and Origination Fees for Tuesday, August 9 2016
Posted 9:00am EST
The best interest rate and origination fee reported by lenders declined from last week.
Tuesday, August 9 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 9 4.240% 0 $92,961
No Change
Change from August 2 -0.25% No Change
Lowest Origination Fee August 9 4.990% -$1,951 $94,912
Change from August 2 No Change -$975
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
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.