Reverse Mortgage Rates and Origination Fees for Tuesday, October 31 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, October 31 2017
Posted 9:35am EST
The lowest rate quote reported by
lenders in our Fixed-Rate HECM survey was unchanged
this week. The lowest
origination fee quote was also unchanged from last week.
| Tuesday, October 31 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 October 31 | 4.750% | $6,000 | $64,821 No Change |
| Change from October 24 | No Change | No Change | |
| Lowest Origination Fee October 31 | 4.990% | $2,500 | $65,801 No Change |
| Change from October 24 | 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,
Bank of England, Longbridge Financial
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday