Reverse Mortgage Rates for February 6, 2020

Reverse Mortgage Rates and Origination Fees for Thursday, February 6 2020
Reverse Mortgage Rates and Origination Fees for Thursday, February 6 2020
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey ticked down by 0.073% on an unchanged origination fee. The lowest origination fee was unchanged on a slightly lower interest rate.
Thursday, February 6 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 February 6 2.807% $4,499 $84,202 + $67,223
Change from January 30 -0.073 no change -$49
Lowest Origination Fee February 6 3.307% $2,500 $85,841 + $67,310
Change from January 30 -0.073 no change -$49
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Mid America Mortgage, Retire Secure, Goodlife Home Loans, Longbridge Financial, Centennial Home Mortgage
2 Adjustable-rate pricing published every Thursday; 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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