Reverse Mortgage Rates and Origination Fees for Thursday, April 16 2020
by Jack Guttentag
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey edged up by  0.001% on an unchanged origination fee. The lowest origination fee was unchanged on a marginally higher interest rate.
Thursday, April 16 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 16 2.051% $6,000 $82,701 + $66,718
Change from April 9 +0.001 no change no change
Lowest Origination Fee April 16 3.051% $2,500 $85,841 + $67,138
Change from April 9 +0.001 no change no change
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Mid America Mortgage, Retire Secure, 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
Use the Kosher Reverse Mortgage Calculator Learn How the Kosher Reverse Mortgage is Different

View historical market rates on HECM reverse mortgages.