Reverse Mortgage Rates and Origination Fees for Tuesday, November 24 2020
Posted 9:35am EST
The lowest rate in our Fixed-Rate HECM survey was unchanged for a third week on an unchanged origination fee quote. The lowest origination fee was also unchanged on a significantly lower rate.
Tuesday, November 24 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 November 24 2.990% $3,000 $85,701
No Change
Change from November 17 No Change No Change
Lowest Origination Fee November 24 3.430% $0 $86,901
+$10,440
Change from November 17 -0.880 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.