Reverse Mortgage Rates and Origination Fees for Thursday,
March 21 2019
Reverse Mortgage Rates and Origination Fees for Thursday,
March 21 2019
Posted 9:35am EST
The lowest interest rate
reported by lenders in our adjustable-rate HECM
survey was down by 0.023% this week. The lowest
origination fee increased by $600.
| Wednesday, March 21 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 March 21 | 3.716% | $5,495 | $78,382 + $64,456 |
| Change from March 14 |
-0.023  |
no change |
-$15  |
| Lowest Origination Fee March 21 | 4.341% | $1,500 | $74,997 + $59,695 |
| Change from March 14 |
-0.023 |
+$600  |
-$614 |
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