Reverse Mortgage Rates for May 18, 2017

Reverse Mortgage Rates and Origination Fees for Thursday, May 18, 2017
Reverse Mortgage Rates and Origination Fees for Thursday, May 18, 2017
Posted 9:35am EST
The best interest rate on adjustable-rate HECMs ticked down this week on quotes reported by lenders.  The lowest reported origination fee also edged lower on a significantly lower rate quote.
Thursday, May 18 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 May 18 3.266% $4,250 $88,711 + $65,040
Change from May 11 -0.013 No Change No Change
Lowest Origination Fee May 18 3.766% $3,200 $89,761 + $65,040
Change from May 11 -0.763 -$100 +$100
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 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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