Reverse Mortgage Rates and Origination Fees for Thursday, August 30 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.007% on an unchanged origination fee quote this week. The lowest origination fee was unchanged on a slightly higher rate quote.
Wednesday, August 30 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 August 30 3.820% $5,000 $74,200 + $61,391
Change from August 23 +0.007 no change +$5
Lowest Origination Fee August 30 4.320% $1,500 $72,120 + $57.794
Change from August 23 +0.007 no change +$4
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.