Reverse Mortgage Rates and Origination Fees for Tuesday, October 23 2018
by Jack Guttentag
Posted 9:35am EST
The lowest rate and in our Fixed-Rate HECM survey was unchanged this week on an unchanged original fee quote.  Once again a zero origination fee quote was the lowest in the survey with an unchanged rate from last week. 
Tuesday, October 23 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 October 23 4.250% $6,000 $70,402
+$82
Change from October 16 No Change No Change
Lowest Origination Fee October 23 4.750% $0 $71,002
+$82
Change from October 16 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, Goldwater Bank, Longbridge Financial, Centennial Home Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday
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View historical market rates on HECM reverse mortgages.