Reverse Mortgage Rates for August 15, 2019

Reverse Mortgage Rates and Origination Fees for Thursday, August 15 2019
Reverse Mortgage Rates and Origination Fees for Thursday, August 15 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey fell a significant 0.209% on an unchanged origination fee. The lowest origination fee was was essentially unchanged on sharply lower interest rate.
Wednesday, August 15 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 7 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate August 15 2.988% $6,000 $82,726 + $67,345
Change from August 8 -0.209 no change -$140
Lowest Origination Fee August 15 3.238% $2,995 $85,731 + $67,513
Change from August 8 -0.459 -$5 +$5,493
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Retire Secure, Goodlife Home Loans, Longbridge Financial, Centennial Home Mortgage
2 Adjustable-rate pricing published every Wednesday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months

View historical market rates on HECM reverse mortgages.
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