Reverse Mortgage Rates and Origination Fees for Thursday, June 6 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM was unchanged this week on a slightly higher origination fee. The lowest origination fee was unchanged.
Wednesday, June 6 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 6 3.385% $5,850 $82,876 + $67,612
Change from May 30 no change +$355 -$355
Lowest Origination Fee June 6 4.010% $1,500 $80,746 + $63,515
Change from May 30 no change no change no change
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

View historical market rates on HECM reverse mortgages.