Reverse Mortgage Rates for September 8, 2020

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Reverse Mortgage Rates and Origination Fees for Tuesday, September 8 2020
Reverse Mortgage Rates and Origination Fees for Tuesday, September 8 2020
Posted 9:35am EST
The lowest rate in our Fixed-Rate HECM survey was unchanged for the 5th straight week on an unchanged origination fee quote. The lowest origination fee was also unchanged.
Tuesday, September 8 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 8 3.060% $4,500 $84,201
No Change
Change from September 1 No Change No Change
Lowest Origination Fee September 8 4.310% $0 $76,461
No Change
Change from September 1 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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