Reverse Mortgage Rates and Origination Fees for Thursday, February 7 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was down by 0.070% this week. The lowest origination fee was unchanged.
Wednesday, February 7 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 February 7 3.837% $5,495 $78,382 + $64,534
Change from January 31 -0.070 no change +$2,704
Lowest Origination Fee February 7 4.462% $900 $75,597 + $59,767
Change from January 31 -0.070 no change +$2,102
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.