Reverse Mortgage Rates and Origination Fees for Thursday,
December 14, 2017
Reverse Mortgage Rates and Origination Fees for Wednesday,
December 14, 2017
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey ticked up again this week on a slightly
lower origination fee quote. The lowest reported origination fee
was unchanged on a slightly
higher rate quote.
| Wednesday, December 14 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 Dec 14 | 3.511% | $4,000 | $76,640 + $62,201 |
| Change from December 7 |
+0.051  |
-$250  |
+$282  |
| Lowest Origination Fee Dec 14 | 4.011% | $2,200 | $72,860 + $58,620 |
| Change from December 7 |
+0.051 |
No Change |
+$29 |
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 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