Reverse Mortgage Rates and Origination Fees for Tuesday, August 4 2020
Posted 9:35am EST
The lowest rate in our Fixed-Rate HECM survey dropped for the first time in 15 weeks on a lower origination fee quote. The lowest origination fee was unchanged on a significantly lower rate quote.
Tuesday, August 4 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 August 4 3.060% $4,500 $84,201
Change from July 28 -0.120 -$1,500
Lowest Origination Fee August 4 4.310% $0 $76,461
Change from July 28 -0.750 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.