Reverse Mortgage Rates and Origination Fees for Thursday, July 11 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.014% this week on an unchanged origination fee. The lowest origination fee was unchanged on a slightly higher rate.
Wednesday, July 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 July 11 3.192% $5,495 $83,231 + $67,482
Change from July 3 +0.014 no change +$10
Lowest Origination Fee July 11 3.692% $3,000 $82,306 + $65,442
Change from July 3 +0.014 no change +$10
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Retire Secure, 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.