Reverse Mortgage Rates and Origination Fees for Wednesday, November 22, 2017
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 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

View historical market rates on HECM reverse mortgages.