Reverse Mortgage Rates and Origination Fees for Thursday,
April 11 2019
Reverse Mortgage Rates and Origination Fees for Thursday,
April 11 2019
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey broke a ten week downward trend and ticked up
by 0.040% this week. The lowest
origination fee was unchanged.
| Wednesday, April 11 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 April 11 | 3.626% | $5,495 | $81,431 + $66,524 |
| Change from April 4 |
+0.040  |
no change |
+$16  |
| Lowest Origination Fee April 11 | 4.251% | $1,500 | $77,866 + $61,655 |
| Change from April 4 |
+0.040 |
no change |
+$14 |
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com: All Reverse, Signet Mortgage, First Bank, Retire Secure, Goldwater Bank,
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