Reverse Mortgage Rates and Origination Fees for Thursday, June 13 2019
by Jack Guttentag
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM was dropped by 0.164% this week on an unchanged origination fee. The lowest origination fee was unchanged.
Wednesday, June 13 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 13 3.221% $5,850 $82,876 + $67,501
Change from June 6 -0.164 no change -$111
Lowest Origination Fee June 13 3.846% $1,500 $82,366 + $64,539
Change from June 6 -0.164 no change +$2,644
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
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View historical market rates on HECM reverse mortgages.