Reverse Mortgage Rates for November 29, 2016

Reverse Mortgage Rates and Origination Fees for Tuesday, November 29 2016
Reverse Mortgage Rates and Origination Fees for Tuesday, November 29 2016
Posted 9:30am EST
Rate hikes in the forward mortgage market have not spilled over into the reverse market yet - the best interest rate in Fixed-Rate HECMs reported by lenders remained unchanged this week for the 16th straight week.  The lowest origination fee (rebate) available on a Fixed-Rate HECM also remained unchanged from last week.
Tuesday, November 29 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 November 29 4.250% $0 $92,961
No Change
Change from Nov 22 No Change No Change
Lowest Origination Fee November 29 4.990% $-1,951 $94,912
No Change
Change from Nov 22 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 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.
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