Reverse Mortgage Rates and Origination Fees for Thursday, November 7 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked down by 0.031% on a significantly lower origination fee. The lowest origination fee was unchanged on a lower interest rate.
Wednesday, November 7 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 7 2.925% $4,499 $84,202 + $67,302
Change from October 31 -0.031 -$975 +$975
Lowest Origination Fee November 7 3.425% $2,500 $85,841 + $67,389
Change from October 31 -0.031 no change -$21
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.