Reverse Mortgage Rates and Origination Fees for Thursday, May 14 2020
by Jack Guttentag
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was down by  0.070% on an unchanged origination fee. The lowest origination fee was unchanged on a lower interest rate.
Thursday, May 14 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 May 14 2.016% $6,000 $82,701 + $66,695
Change from May 7 -0.070 no change -$47
Lowest Origination Fee May 14 2.836% $2,500 $85,841 + $66,948
Change from May 7 -0.070 no change -$47
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Mid America Mortgage, 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
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View historical market rates on HECM reverse mortgages.