Reverse Mortgage Rates and Origination Fees for Tuesday, May 1 2018
Posted 9:35am EST
The lowest rate and in our Fixed-Rate HECM survey was unchanged for the 11th consecutive week; this week the fee associated with the lowest rate was also unchanged.  Once again a zero origination fee quote was the lowest in the survey. 
Tuesday, May 1 Report on Pricing of Fixed-Rate2 HECM Reverse Mortgage
Pricing by 6 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,000
Lowest Interest Rate May 1 3.990% $5,500 $74,855
No Change
Change from April 24 No Change No Change
Lowest Origination Fee May 1 4.990% $0 $69,555
No Change
Change from April 24 No Change No Change
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 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.