Reverse Mortgage Rates and Origination Fees for Thursday, February 28 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was down by 0.015% this week. The lowest origination fee was unchanged.
Wednesday, February 28 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 28 3.767% $5,495 $78,382 + $64,489
Change from February 21 -0.015 no change -$9
Lowest Origination Fee February 28 4.392% $900 $75,597 + $59,725
Change from February 21 -0.015 no change -$9
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.