Reverse Mortgage Rates and Origination Fees for Thursday, June 21 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.032% on an unchanged origination fee quote this week. The lowest origination fee incresed by $500 on a moderately lower rate quote.
Wednesday, June 21 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 June 21 3.772% $5,500 $73,415 + $60,359
Change from June 14 +0.032 No Change -$2,423
Lowest Origination Fee June 21 4.272% $2,500 $71,015 + $56,885
Change from June 14 -0.218 +$500 +$1,825
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.