Reverse Mortgage Rates and Origination Fees for Wednesday, November 22, 2017
by Jack Guttentag
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up again this week. Once again this week the lowest reported origination fee was unchanged on a slightly higher rate quote.
Wednesday, November 22 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 7 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate Nov 22 3.406% $4,500 $76,041 + $62,136
Change from November 16 +0.024 No Change +$15
Lowest Origination Fee Nov 22 3.906% $2,450 $72,511 + $58,559
Change from November 16 +0.024 No Change +$14
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, Bank of England, Longbridge Financial
2 Adjustable-rate pricing published every Wednesday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months
Use the Kosher Reverse Mortgage Calculator Learn How the Kosher Reverse Mortgage is Different

View historical market rates on HECM reverse mortgages.