Reverse Mortgage Rates and Origination Fees for Thursday, April 26 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.029% on an unchanged origination fee quote this week. The lowest origination fee was down by $200 on a substantially lower rate quote.
Wednesday, April 26 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 26 3.760% $5,500 $74,855+ $61,354
Change from April 19 +0.029 No Change -$2,424
Lowest Origination Fee April 26 4.510% $2,000 $70,075 + $56,011
Change from April 19 -0.221 -$200 +$2,222
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.