Reverse Mortgage Rates and Origination Fees for Thursday, July 25 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked down by 0.044% this week on a slightly higher origination fee. The lowest origination fee was unchanged on a slightly lower rate.
Wednesday, July 25 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 25 3.158% $6,000 $82,726 + $67,459
Change from July 18 -0.034 +$505 -$528
Lowest Origination Fee July 25 3.658% $3,000 $80,866 + $64,419
Change from July 18 -0.034 no change -$2,463
1 The following lenders report their interest rates and origination fees to 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.