Reverse Mortgage Rates for April 28, 2020

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Reverse Mortgage Rates and Origination Fees for Tuesday, April 28 2020
Reverse Mortgage Rates and Origination Fees for Tuesday, April 28 2020
Posted 9:35am EST
After 36 weeks of unchanged rates, the lowest rate in our Fixed-Rate HECM survey dropped by 0.500% on a higher origination fee quote. The lowest origination fee was unchanged on an unchanged rate quote.
Tuesday, April 28 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 April 28 3.180% $6,000 $82,701
+$3,360
Change from April 21 -0.500 +$1,500
Lowest Origination Fee April 28 5.060% $0 $68,541
No Change
Change from April 21 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.
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