Reverse Mortgage Rates and Origination Fees for Tuesday, August 7 2018
Reverse Mortgage Rates and Origination Fees for Tuesday, August 7 2018
Posted 9:45am EST
The lowest rate and in
our Fixed-Rate HECM survey was unchanged for the 23th
consecutive week. Once again a zero origination fee
quote was the lowest in the survey with an unchanged
rate from last week.
| Tuesday, August 7 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 August 7 | 3.990% | $4,375 | $74,825 no change |
| Change from July 31 | No Change | No Change | |
| Lowest Origination Fee August 7 | 4.750% | $0 | $70,920 no change |
| Change from July 31 | 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