Reverse Mortgage Rates and Origination Fees for Tuesday, December 5 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, December 5 2017
Posted 9:45am EST
The lowest rate reported by
lenders in our Fixed-Rate HECM survey was unchanged
this week; the lowest origination fee was unchanged
and was also at the lowest quoted rate.
| Tuesday, December 5 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 December 5 | 4.750% | $2,500 | $68,420 No Change |
| Change from November 28 | No Change | No Change | |
| Lowest Origination Fee December 5 | 4.750% | $2,500 | $68,420 +$2,520  |
| Change from November 28 |
-0.240%  |
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, The Federal Savings Bank, Goldwater Bank,
Bank of England, Longbridge Financial
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday