Tuesday, June 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 June 2 | 3.180% | $6,000 | $82,701 No Change |
Change from May 26 | No Change | No Change | |
Lowest Origination Fee June 2 | 5.060% | $0 | $68,541 No Change |
Change from May 26 | No Change | No Change |