Reverse Mortgage Rates and Origination Fees for Tuesday, January 17 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, January 17 2017
Posted 9:30am EST
Rates on
Fixed-Rate HECMs continue unchanged this week, with
pricing reported by lenders in the three weeks for
2017 remaining at the same level as for the
entire month of December. The lowest origination fee (rebate)
available on a Fixed-Rate HECM also remained
unchanged from last week.
| Tuesday, January 17 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 January 17 | 4.500% | $6,000 | $86,961 No Change |
| Change from Jan 10 | No Change | No Change | |
| Lowest Origination Fee January 17 | 4.990% | $2,500 | $90,461 No Change |
| Change from Jan 10 | 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, The Federal Savings Bank, Goldwater Bank
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday