Reverse Mortgage Rates and Origination Fees for Thursday, January 3 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was down by 0.085% this week. The lowest origination fee was unchanged.
Wednesday, January 3 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 3 3.888% $5,495 $76,667 + $63,438
Change from December 27 -0.085 no change +$2,390
Lowest Origination Fee January 3 4.513% $900 $74,242 + $58,914
Change from December 27 -0.085 no change +$2,400
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.