Reverse Mortgage Rates for February 14, 2017

Reverse Mortgage Rates and Origination Fees for Tuesday, February 14 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, February 14 2017
Posted 9:35am EST
Rates on Fixed-Rate HECMs remained unchanged for the 11th straight week, with pricing reported by lenders continuing February at the same level as for the entire months of December and January.  The lowest origination fee (rebate) available on a Fixed-Rate HECM also remained unchanged from last week.
Tuesday, February 14 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 February 14 4.500% $6,000 $86,961
No Change
Change from Feb 7 No Change No Change
Lowest Origination Fee February 14 4.990% $2,500 $90,461
No Change
Change from Feb 7 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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