Reverse Mortgage Rates and Origination Fees for
Tuesday, August 6 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, August 6 2019
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM was unchanged on an
unchanged origination fee quote for the 6th straight
week. The lowest origination
fee was
also unchanged from last week.
| Tuesday, August 6 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 August 6 | 3.990% | $4,000 | $75,366 No Change |
| Change from July 30 | No Change | No Change | |
| Lowest Origination Fee August 6 | 4.810% | $1,500 | $68,326 No Change |
| Change from July 30 | No Change | No Change | |
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 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday
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