Reverse Mortgage Rates for November 14, 2017

Reverse Mortgage Rates and Origination Fees for Tuesday, November 14 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, November 14 2017
Posted 9:35am EST
The lowest rate reported by lenders in our Fixed-Rate HECM survey was unchanged this week on a significantly lower origination fee quote. The lowest origination fee quote was unchanged from last week. 
Tuesday, November 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 November 14 4.750% $2,500 $68,321
+$3,401
Change from November 7 No Change -$3,500
Lowest Origination Fee November 14 4.990% $2,500 $65,801
-$99
Change from November 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, Bank of England, Longbridge Financial
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.
Sign up to Receive New Articles
Print