Reverse Mortgage Rates and Origination Fees for Thursday, August 22 2019
by Jack Guttentag
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey fell 0.043% on a slightly lower origination fee. The lowest origination fee was was unchanged on slightly lower interest rate.
Wednesday, August 22 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 August 22 2.945% $5,495 $82,231 + $67,316
Change from August 15 -0.043 -$505 +$476
Lowest Origination Fee August 22 3.195% $2,995 $85,731 + $67,513
Change from August 15 -0.043 no change -$29
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Retire Secure, Goodlife Home Loans, 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
Use the Kosher Reverse Mortgage Calculator Learn How the Kosher Reverse Mortgage is Different

View historical market rates on HECM reverse mortgages.