Reverse Mortgage Rates and Origination Fees for Thursday, November 1 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey edged up by 0.032% on an unchanged origination fee quote this week. The lowest origination fee was unchanged on a slightly higher rate quote.
Wednesday, November 1 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 November 1 3.927% $5,850 $71,992 + $60,453
Change from October 25 +0.032 no change +$20
Lowest Origination Fee November 1 4.552% $900 $70,102 + $56,034
Change from September 25 +0.032 no change +$17
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.