Reverse Mortgage Rates for July 3, 2019

Reverse Mortgage Rates and Origination Fees for Wednesday, July 3 2019
Reverse Mortgage Rates and Origination Fees for Thursday, July 3 2019
Posted 9:35am EST
The lowest interest rate reported by lenders in our adjustable-rate HECM survey rose by 0.101% this week on a sightly lower origination fee. The lowest origination fee was up by $1,500 on a slightly lower rate.
Wednesday, July 3 Report on Pricing of Adjustable-Rate2 HECM Reverse Mortgage3
Pricing by 7 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,0004
Lowest Interest Rate July 3 3.178% $5,495 $83,231 + $67,472
Change from June 27 +0.101 -$355 +$422
Lowest Origination Fee July 3 3.678% $3,000 $82,306 + $65,432
Change from June 27 -0.024 +$1,500 -$1,516
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, Retire Secure, Longbridge Financial, Centennial Home Mortgage
2 Adjustable-rate pricing published every Wednesday; Fixed-rate pricing published every Tuesday
3 Mortgages with a maximum rate adjustment of 5%
4 Part of credit line is available immediately, and part after 12 months

View historical market rates on HECM reverse mortgages.
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