Reverse Mortgage Rates and Origination Fees for Thursday, June 11 2020
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was down by  0.060% on an unchanged origination fee. The lowest origination fee was unchanged on a marginally lower interest rate.
Thursday, June 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 June 11 1.864% $6,000 $82,701 + $66,590
Change from June 4 -0.060 no change -$44
Lowest Origination Fee June 11 2.604% $2,500 $86,201 + $67,084
Change from June 4 -0.060 no change -$44
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Mid America Mortgage, Goodlife Home Loans, Longbridge Financial, Centennial Home Mortgage, Mutual of Omaha 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.