Reverse Mortgage Rates and Origination Fees for Tuesday, October 24 2017
Posted 9:35am EST
The lowest rate reported by lenders in our Fixed-Rate HECM survey was unchanged this week but was accompanied by a significant increase in origination fee.  The lowest origination fee quote was unchanged from last week. 
Tuesday, October 24 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 24 4.750% $6,000 $64,821
Change from October 17 No Change +$2,700
Lowest Origination Fee October 24 4.990% $2,500 $65,801
No Change
Change from October 17 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, Longbridge Financial
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.