Reverse Mortgage Rates and Origination Fees for Thursday,
February 1, 2018
Reverse Mortgage Rates and Origination Fees for Wednesday,
February 1, 2018
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey ticked up on an unchanged origination fee quote
this week.
Our survey once again had zero fee quotes; the
lowest rate on a zero fee quote ticked up slightly
from last week.
| Wednesday, February 1 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 February 1 | 3.246% | $6,000 | $77,235+ $63,034 |
| Change from January 25 |
+0.018  |
No Change |
-$2,729  |
| Lowest Origination Fee February 1 | 4.621% | $0 | $68,295 + $53,421 |
| Change from January 25 |
+0.018 |
No Change |
-$2,134 |
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 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