Reverse Mortgage Rates and Origination Fees for Thursday, September 26 2019
by Jack Guttentag
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked up by 0.016% on an unchanged origination fee. The lowest origination fee was unchanged on an marginally higher interest rate.
Wednesday, September 26 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 September 26 3.065% $5,495 $83,206 + $67,396
Change from September 19 +0.016 no change +$10
Lowest Origination Fee September 26 3.315% $2,995 $85,706 + $67,565
Change from September 19 +0.016 no change +$11
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
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View historical market rates on HECM reverse mortgages.