Reverse Mortgage Rates and Origination Fees for Thursday, May 31 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked down by 0.037% on an unchanged origination fee quote this week. The lowest origination fee was unchanged on a slightly lower rate quote.
Wednesday, May 31 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 May 31 3.731% $5,500 $73,415+ $60,335
Change from May 24 -0.037 No Change -$22
Lowest Origination Fee May 31 4.481% $2,000 $68,815 + $55,112
Change from May 24 -0.037 No Change -$20
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.