Reverse Mortgage Rates and Origination Fees for
Tuesday, October 15 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, October 15 2019
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey was unchanged for the 9th
straight week
on an unchanged origination fee quote. The lowest
origination fee was also unchanged on an unchanged
rate quote.
| Tuesday, October 15 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 October 15 | 3.680% | $5,950 | $76,271 No Change |
| Change from October 8 | No Change | No Change | |
| Lowest Origination Fee October 15 | 5.060% | $0 | $67,281 No Change |
| Change from October 8 | 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,Signet Mortgage
2 Fixed-rate pricing published every Tuesday; Adjustable-rate pricing published every Thursday