Reverse Mortgage Rates and Origination Fees for Thursday, May 16 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked down by 0.053% this week. The lowest origination fee was unchanged.
Wednesday, May 16 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 16 3.568% $5,495 $81,431 + $66,485
Change from May 9 -0.053 no change -$36
Lowest Origination Fee May 16 4.193% $1,500 $77,866 + $61,619
Change from May 9 -0.053 no change -$33
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.