Reverse Mortgage Rates and Origination Fees for Thursday, April 11 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey broke a ten week downward trend and ticked up by 0.040% this week. The lowest origination fee was unchanged.
Wednesday, April 11 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 7 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate April 11 3.626% $5,495 $81,431 + $66,524
Change from April 4 +0.040 no change +$16
Lowest Origination Fee April 11 4.251% $1,500 $77,866 + $61,655
Change from April 4 +0.040 no change +$14
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, First Bank, Retire Secure, Goldwater Bank, Longbridge Financial, Centennial Home Mortgage
2 Adjustable-rate pricing published every Wednesday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months

View historical market rates on HECM reverse mortgages.