Reverse Mortgage Rates and Origination Fees for Tuesday, May 12 2020
Posted 9:35am EST
The lowest rate in our Fixed-Rate HECM survey unchanged this week on an unchanged origination fee quote. The lowest origination fee was also unchanged on an unchanged rate quote.
Tuesday, May 12 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 May 12 3.180% $6,000 $82,701
No Change
Change from May 5 No Change No Change
Lowest Origination Fee May 12 5.060% $0 $68,541
No Change
Change from May 5 No Change No Change
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: 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.