Reverse Mortgage Rates for August 8, 2019

Reverse Mortgage Rates and Origination Fees for Thursday, August 8 2019
Reverse Mortgage Rates and Origination Fees for Thursday, August 8 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey was unchanged this week on an unchanged origination fee. The lowest origination fee was was also unchanged on a unchanged rate.
Wednesday, August 8 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 8 3.197% $6,000 $82,726 + $67,485
Change from August 1 no change no change no change
Lowest Origination Fee August 8 3.697% $3,000 $80,866 + $64,419
Change from August 1 no change no change no change
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Retire Secure, 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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