Reverse Mortgage Rates and Origination Fees for Tuesday, November 3 2020
Posted 9:35am EST
The lowest rate in our Fixed-Rate HECM survey was unchanged on a significantly lower origination fee quote. The lowest origination fee was unchanged on an unchanged rate quote.
Tuesday, November 3 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 3 2.990% $3,000 $85,701
+$1,950
Change from October 27 No Change -$1,950
Lowest Origination Fee November 3 4.310% $0 $76,461
No Change
Change from October 27 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.