Tuesday, March 20 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 March 20 | 3.990% | $5,850 | $74,505 No Change |
Change from March 13 | No Change | No Change | |
Lowest Origination Fee March 20 | 4.990% | $0 | $69,555 No Change |
Change from March 13 | No Change | No Change |