Reverse Mortgage Rates and Origination Fees for
Tuesday, September 24 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, September 24 2019
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey was unchanged again this week
on an unchanged origination fee quote. The lowest
origination fee was also unchanged on an unchanged
rate quote.
Tuesday, September 24 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 September 24 | 3.680% | $5,950 | $76,271 -$15 ![]() |
Change from September 17 | No Change | No Change | |
Lowest Origination Fee September 24 | 5.060% | $0 | $67,281 -$15 ![]() |
Change from September 17 | 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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