Reverse Mortgage Rates and Origination Fees for Thursday, January 23 2020
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked down by 0.042% on an unchanged origination fee. The lowest origination fee was unchanged on a slightly lower interest rate.
Thursday, January 23 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 January 23 2.925% $4,499 $84,202 + $67,302
Change from January 16 -0.042 no change -$29
Lowest Origination Fee January 23 3.425% $2,500 $85,841 + $67,389
Change from January 16 -0.042 no change -$28
1 The following lenders report their interest rates and origination fees to All Reverse, Signet Mortgage, Mid America Mortgage, Retire Secure, Goodlife Home Loans, Longbridge Financial, Centennial Home 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.