Reverse Mortgage Rates and Origination Fees for Tuesday, June 6 2017
by Jack Guttentag
Posted 9:35am EST
The lowest rate and lowest origination fee reported by lenders in our Fixed-Rate HECM survey were both unchanged this week. Maximum cash draws increased on both quotes by $1,380.
Tuesday, June 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 June 6 4.250% $2,975 $91,465
+$1,380
Change from May 30 No Change No Change
Lowest Origination Fee June 6 4.990% $2,500 $91,940
+$1,380
Change from May 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, 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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