Reverse Mortgage Rates and Origination Fees for Thursday, June 27 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM dropped by 0.045% this week on an unchanged origination fee. The lowest origination fee was unchanged.
Wednesday, June 27 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 27 3.077% $5,850 $82,876 + $67,405
Change from June 20 -0.045 no change -$30
Lowest Origination Fee June 27 3.702% $1,500 $83,806 + $65,448
Change from June 20 -0.045 no change +$2,412
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.