Reverse Mortgage Rates for February 20, 2018

Reverse Mortgage Rates and Origination Fees for Tuesday, February 20 2018
Reverse Mortgage Rates and Origination Fees for Tuesday, February 20 2018
Posted 9:35am EST
The lowest rate  in our Fixed-Rate HECM survey dropped by 0.510% this week (resulting in a significant increase in maximum cash draw). The zero origination fee quote was lowest in the survey. 
Tuesday, February 20 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 February 20 3.990% $5,850 $74,505
+$3,730
Change from February 13 -0.510 +$1,850
Lowest Origination Fee February 20 4.990% $0 $69,555
No Change
Change from February 13 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, Goldwater Bank, Longbridge Financial, Centennial Home Mortgage
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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