Reverse Mortgage Rates and Origination Fees for Thursday, February 11 2021
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey dropped by 0.263% on an unchanged origination fee. The lowest origination fee was unchanged on a lower  interest rate.
Thursday, February 11 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 February 11 1.820% $4,500 $84,201 + $66,565
Change from Febuary 4 -0.263 no change -$175
Lowest Origination Fee February 11 2.060% $2,500 $86,201 + $66,724
Change from February 4 -0.263 no change -$176
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Mid America Mortgage, Goodlife Home Loans, Longbridge Financial, Centennial Home Mortgage, Mutual of Omaha Mortgage
2 Adjustable-rate pricing published every Thursday; 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.