Reverse Mortgage Rates and Origination Fees for Thursday, November 14 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.075% on an unchanged origination fee. The lowest origination fee was unchanged on a slightly higher interest rate.
Wednesday, November 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 November 14 3.000% $4,499 $84,202 + $67,353
Change from November 7 +0.075 no change +$51
Lowest Origination Fee November 14 3.500% $2,500 $85,841 + $67,440
Change from November 7 +0.075 no change +$51
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Mid America Mortgage, Retire Secure, Goodlife Home Loans, Longbridge Financial, Centennial Home 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

View historical market rates on HECM reverse mortgages.