Reverse Mortgage Rates and Origination Fees for Thursday, January 9 2020
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked down by 0.040% on an unchanged origination fee. The lowest origination fee was unchanged on a slightly lower interest rate.
Thursday, January 9 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 9 2.964% $4,499 $84,202 + $67,329
Change from January 2 -0.040 no change -$26
Lowest Origination Fee January 9 3.464% $2,500 $84,401 + $66,417
Change from January 2 -0.040 no change -$26
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: 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.