Reverse Mortgage Rates and Origination Fees for Thursday, October 10 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey declined sharply on an unchanged origination fee. The lowest origination fee was unchanged on a lower interest rate.
Wednesday, October 10 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 October 10 2.853% $5,495 $83,206 + $67,254
Change from October 3 -0.190 no change -$128
Lowest Origination Fee October 10 3.353% $2,500 $86,201 + $67,590
Change from October 3 -0.190 no change -$128
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.