Reverse Mortgage Rates and Origination Fees for
Thursday,
July 25 2019
Reverse Mortgage Rates and Origination Fees for Thursday,
July 25 2019
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey ticked down by 0.044% this week on a slightly
higher
origination fee. The lowest origination fee was
unchanged on a slightly lower rate.
| Wednesday, July 25 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 25 | 3.158% | $6,000 | $82,726 + $67,459 |
| Change from July 18 |
-0.034  |
+$505  |
-$528  |
| Lowest Origination Fee July 25 | 3.658% | $3,000 | $80,866 + $64,419 |
| Change from July 18 |
-0.034 |
no change |
-$2,463 |
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