Reverse Mortgage Rates and Origination Fees for Thursday, March 26 2020
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey increased by a significant 0.112% on an unchanged origination fee. The lowest origination fee was unchanged on a higher interest rate.
Thursday, March 26 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 March 26 1.934% $4,499 $84,202 + $66,640
Change from March 19 +0.112 no change +$74
Lowest Origination Fee March 26 2.684% $2,500 $86,201 + $67,141
Change from March 19 +0.112 no change +$75
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Mid America Mortgage, Retire Secure, 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.