Reverse Mortgage Rates and Origination Fees for Tuesday, May 2 2017
Posted 9:35am EST
The lowest rate reported by lenders in our Fixed-Rate HECM survey was unchanged for the sixth consecutive week. The lowest origination fee was also unchanged this week.
Tuesday, May 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 May 2 4.750% $3,500 $89,461
No Change
Change from Apr 25 No Change No Change
Lowest Origination Fee May 2 4.990% $2,500 $90,461
No Change
Change from Apr 25 No Change No Change
1 The following lenders report their interest rates and origination fees to All Reverse, Signet Mortgage, First Bank, Retire Secure, The Federal Savings Bank, Goldwater Bank, Bank of England
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.