Reverse Mortgage Rates and Origination Fees for
Tuesday, June 25 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, June 25 2019
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey dipped sharply to 3.990% this week on a
lower origination fee quote. The lowest origination
fee was
unchanged from last week.
| Tuesday, June 25 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 June 25 | 3.990% | $4,000 | $75,366 +3,880  |
| Change from June 18 |
-0.190  |
-1,000 |
|
| Lowest Origination Fee June 25 | 4.810% | $1,500 | $68,326 No Change |
| Change from June 18 | 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