Reverse Mortgage Rates and Origination Fees for Tuesday, January 2 2018
by Jack Guttentag
Posted 9:35am EST
The lowest rate dropped by 0.25% in our Fixed-Rate HECM survey this week. Zero origination fee quotes returned to the survey for the first time in over a year.
Tuesday, January 2 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 January 2 4.500% $4,000 $69,620
+$1,200
Change from December 26 -0.250% +$1,500
Lowest Origination Fee January 2 4.990% $0 $68,400
-$20
Change from December 26 +0.240% -$2,500
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, Bank of England, Longbridge Financial
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.