Reverse Mortgage Rates and Origination Fees for Thursday, May 2 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey continued a gradual 3 week decline and ticked down by 0.028% this week. The lowest origination fee was unchanged.
Wednesday, May 2 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 2 3.593% $5,495 $79,811 + $65,377
Change from April 25 -0.028 no change -$36
Lowest Origination Fee May 2 4.218% $1,500 $76,426 + $60,628
Change from April 25 -0.028 no change -$17
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.