Reverse Mortgage Rates and Origination Fees for Thursday,
January 25, 2018
Reverse Mortgage Rates and Origination Fees for Wednesday,
January 25, 2018
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey declined by a significant 0.161% on an unchanged origination fee quote.
Our survey once again had zero fee quotes; the
lowest rate on a zero fee quote ticked up slightly
from last week.
| Wednesday, January 25 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 January 25 | 3.228% | $6,000 | $78,855+ $64,143 |
| Change from January 18 |
-0.161  |
No Change |
+$1,620  |
| Lowest Origination Fee January 25 | 4.603% | $0 | $69,555 + $54,295 |
| Change from January 18 |
+0.039  |
No Change |
+$21 |
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 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