Reverse Mortgage Rates and Origination Fees for Tuesday, February 6 2018
by Jack Guttentag
Posted 9:35am EST
The lowest rate and origination fee in our Fixed-Rate HECM survey were unchanged for the sixth consecutive week.
Tuesday, February 6 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 6 4.500% $4,000 $70,775
No Change
Change from January 30 No Change No Change
Lowest Origination Fee February 6 4.990% $0 $69,555
No Change
Change from January 30 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.