Reverse Mortgage Rates and Origination Fees for Thursday, May 23 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked down by 0.058% this week. The lowest origination fee was unchanged.
Wednesday, May 23 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 23 3.510% $5,495 $82,871 + $67,446
Change from May 16 -0.058 no change +$2,401
Lowest Origination Fee May 23 4.135% $1,500 $79,306 + $62,589
Change from May 16 -0.058 no change +$2,410
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.