Reverse Mortgage Rates and Origination Fees for Thursday, July 25 2019
by Jack Guttentag
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 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
Use the Kosher Reverse Mortgage Calculator Learn How the Kosher Reverse Mortgage is Different

View historical market rates on HECM reverse mortgages.