Reverse Mortgage Rates and Origination Fees for
Tuesday, December 10 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, December 10 2019
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey was unchanged for the 17th
straight week on an unchanged origination fee quote. The lowest
origination fee was also unchanged on an unchanged
rate quote.
Tuesday, December 10 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 December 10 | 3.680% | $4,499 | $77,722 No Change |
Change from December 3 | No Change | No Change | |
Lowest Origination Fee December 10 | 5.060% | $0 | $67,281 No Change |
Change from December 3 | 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,Signet Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday
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