Tuesday, February 19 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 February 19 | 4.250% | $6,000 | $70,497 No Change |
Change from February 12 | No Change | No Change | |
Lowest Origination Fee February 19 | 4.810% | $995 | $68,842 No Change |
Change from February 12 | No Change | No Change |