Reverse Mortgage Rates and Origination Fees for Thursday,
June 13 2019
Reverse Mortgage Rates and Origination Fees for Thursday,
June 13 2019
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
was dropped by 0.164% this week on an unchanged
origination fee. The lowest
origination fee was unchanged.
| Wednesday, June 13 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 June 13 | 3.221% | $5,850 | $82,876 + $67,501 |
| Change from June 6 |
-0.164  |
no change |
-$111  |
| Lowest Origination Fee June 13 | 3.846% | $1,500 | $82,366 + $64,539 |
| Change from June 6 |
-0.164 |
no change |
+$2,644  |
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