Reverse Mortgage Rates and Origination Fees for Tuesday, March 7 2017
by Jack Guttentag
Posted 9:46am EST
The lowest rate and lowest origination fee reported by lenders in our Fixed-Rate HECM survey were both unchanged this week.
Tuesday, March 7 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 7 4.750% $3,500 $89,461
No Change
Change from Feb 28 No Change No Change
Lowest Origination Fee March 7 4.990% $2,500 $90,461
No Change
Change from Feb 28 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
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday
Use the Kosher Reverse Mortgage Calculator Learn How the Kosher Reverse Mortgage is Different

View historical market rates on HECM reverse mortgages.