Reverse Mortgage Rates for October 10, 2017

Reverse Mortgage Rates and Origination Fees for Tuesday, October 10 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, October 10 2017
Posted 9:35am EST
The lowest rate and origination fee reported by lenders in our Fixed-Rate HECM survey were unchanged this week.
Tuesday, October 10 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 October 10 4.750% $3,300 $67,521
-$4,500
Change from October 3 No Change No Change
Lowest Origination Fee October 10 4.990% $2,500 $65,801
-$4,500
Change from October 3 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.
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