Reverse Mortgage Rates and Origination Fees for Tuesday, April 28 2020
Posted 9:35am EST
After 36 weeks of unchanged rates, the lowest rate in our Fixed-Rate HECM survey dropped by 0.500% on a higher origination fee quote. The lowest origination fee was unchanged on an unchanged rate quote.
Tuesday, April 28 Report on Pricing of Fixed-Rate2 HECM Reverse Mortgage
Pricing by 6 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,000
Lowest Interest Rate April 28 3.180% $6,000 $82,701
Change from April 21 -0.500 +$1,500
Lowest Origination Fee April 28 5.060% $0 $68,541
No Change
Change from April 21 No Change No Change
1 The following lenders report their interest rates and origination fees to All Reverse, Centennial Home Mortgage, First Bank, Goldwater Bank, Goodlife Home Loans, Longbridge Financial, Mid America Mortgage,Mutual of Ohama Mortgage, Signet Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.