Reverse Mortgage Rates and Origination Fees for Thursday, May 9 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.028% this week. The lowest origination fee was unchanged.
Wednesday, May 9 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 9 3.621% $5,495 $81,431 + $66,521
Change from May 2 +0.028 no change +$2,782
Lowest Origination Fee May 9 4.246% $1,500 $77,866 + $61652
Change from May 2 +0.028 no change +$2,464
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.