Reverse Mortgage Rates and Origination Fees for Tuesday, September 26 2017
Reverse Mortgage Rates and Origination Fees for Tuesday, September 26 2017
Posted 9:35am EST
The lowest rate and lowest
origination fee reported by lenders in our
Fixed-Rate HECM survey were both unchanged for the
18th consecutive
week. Maximum cash draws will be educed next week as
the
new FHA mortgage insurance premiums and principal
limit factors go into effect.
| Tuesday, September 26 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 September 26 | 4.250% | $2,975 | $91,465 No Change |
| Change from September 19 | No Change | No Change | |
| Lowest Origination Fee September 26 | 4.990% | $2,500 | $91,940 No Change |
| Change from September 19 | 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
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