Reverse Mortgage Rates and Origination Fees for Thursday, April 15 2021
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey edged down by 0.010% on an unchanged origination fee. The lowest origination fee was unchanged on a slightly lower rate.
Thursday, April 15 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 April 15 1.810% $4,500 $82,326 + $65,330
Change from April 8 -0.010 no change -$6
Lowest Origination Fee April 15 2.050% $2,500 $81,266 + $63,394
Change from April 8 -0.010 no change -$6
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Mid America Mortgage, Goodlife Home Loans, Longbridge Financial, Centennial Home Mortgage, Mutual of Omaha Mortgage
2 Adjustable-rate pricing published every Thursday; 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.