Reverse Mortgage Rates for September 8, 2016

Reverse Mortgage Rates and Origination Fees for Thursday, September 8, 2016
Reverse Mortgage Rates and Origination Fees for Thursday, September 8, 2016
Posted 10:20am EST
The best interest rates ticked up slightly on quotes reported by lenders this week.  The lowest origination fee was unchanged.
Thursday, September 8 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 6 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate Sept 8 3.062% $4,500 $88,461 + $65,040
Change from September 1 +0.025% No Change No Change
Lowest Origination Fee Sept 8 4.312% $3,300 $89,661 + $65,040
Change from September 1 +0.025% 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 Adjustable-rate pricing published every Thursday; 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

View historical market rates on HECM reverse mortgages.
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