Reverse Mortgage Rates and Origination Fees for Thursday, August 22 2019
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 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

View historical market rates on HECM reverse mortgages.