Reverse Mortgage Rates and Origination Fees for Tuesday, February 23 2021
Posted 9:35am EST
The lowest rate in our Fixed-Rate HECM survey was unchanged for a 16th week on an unchanged origination fee quote. The lowest origination fee was also unchanged on an unchanged rate.
Tuesday, February 23 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 23 2.990% $3,000 $85,701
No Change
Change from February 16 No Change No Change
Lowest Origination Fee February 23 3.430% $0 $86,901
No Change
Change from February 16 No Change No Change
1 The following lenders report their interest rates and origination fees to All Reverse, Centennial Home Mortgage, First Bank, Goldwater Bank, Goodlife Home Loans, Longbridge Financial, Mid America Mortgage,Mutual of Ohama Mortgage, Signet Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.