Reverse Mortgage Rates and Origination Fees for
Tuesday, May 7 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, May 7 2019
Posted 9:35am EST
After 29 weeks with no
change, the lowest rate and in
our Fixed-Rate HECM survey dropped by 0.07% on a
lower origination fee quote. The lowest origination
fee was also
unchanged from last week,
| Tuesday, May 7 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 7 | 4.180% | $5,000 | $71,486 +$1,000  |
| Change from April 30 |
-0.070  |
-$1,000 |
|
| Lowest Origination Fee May 7 | 4.810% | $1,500 | $68,326 No Change |
| Change from April 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