Reverse Mortgage Rates for October 13, 2020

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Reverse Mortgage Rates and Origination Fees for Tuesday, October 13 2020
Reverse Mortgage Rates and Origination Fees for Tuesday, October 13 2020
Posted 9:35am EST
The lowest rate in our Fixed-Rate HECM survey was unchanged on an unchanged origination fee quote. The lowest origination fee was also unchanged on an unchanged rate quote.
Tuesday, October 13 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 October 13 2.990% $4,950 $83,751
No Change
Change from October 6 No Change No Change
Lowest Origination Fee October 13 4.310% $0 $76,461
No Change
Change from October 6 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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