Reverse Mortgage Rates and Origination Fees for Thursday,
January 17 2019
Reverse Mortgage Rates and Origination Fees for Thursday,
January 17 2019
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey edged up by 0.054% this week. The lowest
origination fee was unchanged.
| Wednesday, January 17 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 January 17 | 3.894% | $5,495 | $78,205 + $64,570 |
| Change from January 10 |
+0.054  |
no change |
-$48  |
| Lowest Origination Fee January 17 | 4.519% | $900 | $75,420 + $59,801 |
| Change from January 10 |
+0.054 |
no change |
-$50 |
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