Reverse Mortgage Rates for May 30, 2017

Reverse Mortgage Rates and Origination Fees for Tuesday, May 30 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, May 30 2017
Posted 9:35am EST
The lowest rate reported by lenders in our Fixed-Rate HECM survey was down by a significant 0.500% this week on a slightly lower fee quote. The lowest origination fee was unchanged this week.
Tuesday, May 30 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 May 30 4.250% $2,975 $90,085
+$525
Change from May 23 -0.500% -$525
Lowest Origination Fee May 30 4.990% $2,500 $90,560
No Change
Change from May 23 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.
Sign up to Receive New Articles
Print