Reverse Mortgage Rates and Origination Fees for Thursday, November 29 2018
by Jack Guttentag
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was down by 0.023% on an unchanged origination fee quote this week. The lowest origination fee was unchanged on a slightly lower rate quote.
Wednesday, November 29 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 29 3.996% $5,850 $73,432 + $61,498
Change from November 15 -0.023 no change +$4,874
Lowest Origination Fee November 29 4.621% $900 $71,542 + $57,083
Change from November 15 -0.023 no change +$4,581
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: 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
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View historical market rates on HECM reverse mortgages.