Reverse Mortgage Rates and Origination Fees for Thursday, December 20 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was down by 0.003% on a $355 lower origination fee quote this week. The lowest origination fee was unchanged on a slightly lower rate quote.
Wednesday, December 20 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 December 20 3.973% $5,495 $75,227 + $62,488
Change from December 13 -0.003 -$355 +$353
Lowest Origination Fee December 13 4.598% $900 $72,802 + $57,954
Change from December 6 -0.003 no change -$2
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.