Reverse Mortgage Rates for August 6, 2019

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Reverse Mortgage Rates and Origination Fees for Tuesday, August 6 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, August 6 2019
Posted 9:35am EST
The lowest rate in our Fixed-Rate HECM was unchanged on an unchanged origination fee quote for the 6th straight week. The lowest origination fee was also unchanged from last week. 
Tuesday, August 6 Report on Pricing of Fixed-Rate2 HECM Reverse Mortgage
Pricing by 6 competing Reverse Mortgage Lenders1 Interest Rate Origination Fee Maximum Cash Draw by Owner aged 65 with Home Equity of $300,000
Lowest Interest Rate August 6 3.990% $4,000 $75,366
No Change
Change from July 30 No Change No Change
Lowest Origination Fee August 6 4.810% $1,500 $68,326
No Change
Change from July 30 No Change No Change
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 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday

View historical market rates on HECM reverse mortgages.