Reverse Mortgage Rates and Origination Fees for Thursday, June 28 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.005% on an unchanged origination fee quote this week. The lowest origination fee was unchanged on a slightly higher rate quote.
Wednesday, June 28 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 28 3.777% $5,500 $74,855 + $61,364
Change from June 21 +0.005 No Change +$2,445
Lowest Origination Fee June 28 4.277% $2,500 $72,275 + $57,769
Change from June 21 +0.005 No Change +$2.144
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.