Reverse Mortgage Rates and Origination Fees for
Tuesday, May 18 2021
Reverse Mortgage Rates and Origination Fees for Tuesday, May 18 2021
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey was unchanged for a 28th
week on an unchanged origination fee quote. The
lowest origination fee was also unchanged on an
unchanged rate.
Tuesday, May 18 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 May 18 | 2.990% | $3,000 | $85,576 No Change |
Change from May 11 | No Change | No Change | |
Lowest Origination Fee May 18 | 3.430% | $0 | $86,776 No Change |
Change from May 11 | No Change | No Change |
1 The following lenders report their interest rates and origination fees to www.mtgprofessor.com:
All Reverse, Centennial Home Mortgage, First Bank,
Goldwater Bank, Goodlife Home Loans, Longbridge
Financial, Mid America Mortgage,Mutual of Ohama
Mortgage, Signet Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday