Reverse Mortgage Rates and Origination Fees for Thursday, April 19 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.023% on an slightly lower origination fee quote this week. The lowest origination fee was unchanged on a marginally higher rate quote.
Wednesday, April 19 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 19 3.731% $5,500 $76,295+ $62,338
Change from April 12 +0.023 -$500 +$515
Lowest Origination Fee April 19 4.731% $2,200 $68,615 + $55,249
Change from April 12 +0.023 No Change +$12
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.