Reverse Mortgage Rates and Origination Fees for Thursday, April 4 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey continued a ten week downward trend and was down by 0.076% this week. The lowest origination fee was unchanged.
Wednesday, April 4 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 4 3.586% $5,495 $81,441 + $66,497
Change from March 28 -0.076 no change +$2,695
Lowest Origination Fee April 4 4.211% $1,500 $77,877 + $61,630
Change from March 28 -0.076 no change +$2,400
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.