Reverse Mortgage Rates and Origination Fees for Thursday, April 25 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked down by 0.003% this week. The lowest origination fee was unchanged.
Wednesday, April 25 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 25 3.621% $5,495 $79,811 + $65,395
Change from April 18 -0.002 no change -$2,745
Lowest Origination Fee April 25 4.246% $1,500 $76,426 + $60,645
Change from April 18 -0.002 no change -$2,448
1 The following lenders report their interest rates and origination fees to 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.