Reverse Mortgage Rates and Origination Fees for Thursday, March 28 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was down by 0.054% this week. The lowest origination fee was unchanged.
Wednesday, March 28 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 28 3.662% $5,495 $79,882 + $65,422
Change from March 21 -0.054 no change +$2,406
Lowest Origination Fee March 28 4.287% $1,500 $76,437 + $60,670
Change from March 21 -0.054 no change +$2,415
1 The following lenders report their interest rates and origination fees to All Reverse, Signet Mortgage, First Bank, Retire Secure, Goldwater Bank, 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.