Reverse Mortgage Rates and Origination Fees for Thursday,
January 31 2019
Reverse Mortgage Rates and Origination Fees for Thursday,
January 31 2019
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey edged down by 0.008% this week. The lowest
origination fee was unchanged.
| Wednesday, January 31 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 January 31 | 3.907% | $5,495 | $76,762 + $63,450 |
| Change from January 24 |
-0.008  |
no change |
-$5  |
| Lowest Origination Fee January 31 | 4.532% | $900 | $74,337 + $58,925 |
| Change from January 24 |
-0.008 |
no change |
-$5 |
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, First Bank, Retire Secure, Goldwater Bank,
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
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