Reverse Mortgage Rates and Origination Fees for Thursday, March 22 2018
Reverse Mortgage Rates and Origination Fees for Thursday, March 22 2018
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey rose by 0.070% on an unchanged origination
fee quote this week. The lowest origination fee was
unchanged on a higher
rate quote.
| Wednesday, March 22 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3 | |||
|---|---|---|---|
| Pricing by 7 competing Reverse Mortgage Lenders1 | Interest Rate | Origination Fee | Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004 |
| Lowest Interest Rate March 22 | 3.615% | $6,000 | $74,355+ $61,265 |
| Change from March 15 |
+0.070  |
No Change |
+$42  |
| Lowest Origination Fee March 22 | 4.615% | $2,200 | $67,355 + $54,302 |
| Change from March 15 |
+0.070 |
No Change |
+$38 |
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 Adjustable-rate pricing published every Wednesday; 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
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