Reverse Mortgage Rates and Origination Fees for Thursday, July 19 2018
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.013% on an unchanged origination fee quote this week. The lowest origination fee was unchanged on a slightly higher rate quote.
Wednesday, July 19 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 19 3.787% $5,500 $73,700 + $61,370
Change from July 12 +0.013 No Change -$1,147
Lowest Origination Fee July 19 4.287% $2,500 $71,120 + $57,775
Change from July 12 +0.013 No Change -$1,147
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.