Reverse Mortgage Rates for December 3, 2019

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Reverse Mortgage Rates and Origination Fees for Tuesday, December 3 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, December 3 2019
Posted 9:35am EST
The lowest rate in our Fixed-Rate HECM survey was unchanged for the 16th straight week on an unchanged origination fee quote. The lowest origination fee was also unchanged on an unchanged rate quote.
Tuesday, December 3 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 3 3.680% $4,499 $77,722
No Change
Change from November 26 No Change No Change
Lowest Origination Fee December 3 5.060% $0 $67,281
No Change
Change from November 26 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

View historical market rates on HECM reverse mortgages.
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