Reverse Mortgage Rates and Origination Fees for Thursday, December 6 2018
by Jack Guttentag
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was down by 0.001% on an unchanged origination fee quote this week. The lowest origination fee was unchanged on a slightly lower rate quote.
Wednesday, December 6 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 December 6 3.995% $5,850 $73,432 + $61,498
Change from November 29 -0.001 no change no change
Lowest Origination Fee December 6 4.620% $900 $71,542 + $57,083
Change from November 29 -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, 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
Use the Kosher Reverse Mortgage Calculator Learn How the Kosher Reverse Mortgage is Different

View historical market rates on HECM reverse mortgages.