Reverse Mortgage Rates for March 14, 2017

Reverse Mortgage Rates and Origination Fees for Tuesday, March 14 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, March 14 2017
Posted 9:45am EST
The lowest rate reported by lenders in our Fixed-Rate HECM survey was unchanged this week. However, this week marked the reappearance of a zero origination fee price quote (with an associated higher interest rate) which was a substantial decline over last week's lowest fee.
Tuesday, March 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 March 14 4.750% $3,500 $89,461
No Change
Change from Mar 7 No Change No Change
Lowest Origination Fee March 14 5.310% $0 $87,201
-$3,260
Change from Mar 7 +0.320 -$2,500
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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