Reverse Mortgage Rates and Origination Fees for
Thursday,
March 25 2021
Reverse Mortgage Rates and Origination Fees for Thursday,
March 25 2021
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey edged down by 0.010% on an unchanged
origination fee. The lowest origination fee was
unchanged on a slightly lower rate but with a
substantially lower max cash draw.
| Thursday, March 25 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 25 | 1.820% | $4,500 | $82,326 + $66,336 |
| Change from March 18 |
-0.010  |
no change |
-$3,085  |
| Lowest Origination Fee March 25 | 2.060% | $2,500 | $81,266 + $63,400 |
| Change from March 18 |
-0.010 |
no change |
-$5,210 |
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com:
All Reverse, Signet Mortgage, Mid America Mortgage,
Goodlife Home Loans, Longbridge Financial, Centennial Home Mortgage,
Mutual of Omaha Mortgage
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
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