Reverse Mortgage Rates and Origination Fees for Tuesday, May 7 2019
by Jack Guttentag
Posted 9:35am EST
After 29 weeks with no change, the lowest rate and in our Fixed-Rate HECM survey dropped by 0.07% on a lower origination fee quote.  The lowest origination fee was also unchanged from last week, 
Tuesday, May 7 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 7 4.180% $5,000 $71,486
+$1,000
Change from April 30 -0.070 -$1,000
Lowest Origination Fee May 7 4.810% $1,500 $68,326
No Change
Change from April 30 No Change No Change
     
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, First Bank, Retire Secure, Goldwater Bank, Longbridge Financial, Centennial Home Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday
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View historical market rates on HECM reverse mortgages.