Reverse Mortgage Rates for August 22, 2017

Reverse Mortgage Rates and Origination Fees for Tuesday, August 22 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, August 22 2017
Posted 10:45am EST
The lowest rate and lowest origination fee reported by lenders in our Fixed-Rate HECM survey were both unchanged for the 13th consecutive week.
Tuesday, August 22 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 August 22 4.250% $2,975 $91,465
No Change
Change from August 15 No Change No Change
Lowest Origination Fee August 22 4.990% $2,500 $91,940
No Change
Change from August 15 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

View historical market rates on HECM reverse mortgages.
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