Reverse Mortgage Rates and Origination Fees for
Tuesday, February 5 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, February 5 2019
Posted 9:35am EST
The lowest rate and in
our Fixed-Rate HECM survey was unchanged again for
the 17th consecutive week on an unchanged original
fee quote. The lowest origination fee quote was
unchanged from last week.
| Tuesday, February 5 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 February 5 | 4.250% | $6,000 | $70,497 No Change |
| Change from January 29 | No Change | No Change | |
| Lowest Origination Fee February 5 | 4.810% | $995 | $68,842 +$95  |
| Change from January 29 | 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