Reverse Mortgage Rates and Origination Fees for
Tuesday, September 17 2019
Reverse Mortgage Rates and Origination Fees for Tuesday, September 17 2019
Posted 9:35am EST
The lowest rate in our
Fixed-Rate HECM survey was unchanged again this week on an
unchanged origination fee quote. The lowest origination
fee was
down by $1,500 to a zero origination fee quote on a
higher rate.
| Tuesday, September 17 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 September 17 | 3.680% | $5,950 | $76,286 -$98  |
| Change from September 10 | No Change | No Change | |
| Lowest Origination Fee September 17 | 5.060% | $0 | $67,296 -$1,118 |
| Change from September 10 |
+0.250  |
-$1,500  |
|
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