Reverse Mortgage Rates for February 16, 2017

Reverse Mortgage Rates and Origination Fees for Thursday, February 16, 2017
Reverse Mortgage Rates and Origination Fees for Thursday, February 16, 2017
Posted 9:35am EST
The best interest rate on adjustable-rate HECMs once again ticked down slightly on quotes reported by lenders this week.  The lowest origination fee remained unchanged from the previous week low.
Thursday, February 16 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 Feb 16 3.203% $4,500 $88,461 + $65,040
Change from Feb 9 -0.010% No Change No Change
Lowest Origination Fee Feb 16 4.453% $3,300 $89,661 + $65,040
Change from Feb 9 -0.010% 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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