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Is this the year that a reverse mortgage or HECM is right for you -- or your parents? Read our comprehensive guide to HECMs and RMs.

Is this the year that a reverse mortgage or HECM is right for you -- or your parents? Read our comprehensive guide to HECMs and RMs.

Reverse Mortgage Rates - Average HECM Rates

Below you'll find the latest average interest rates for Home Equity Conversion Mortgages, the most common type of reverse mortgage. HECM interest rates can vary depending upon purpose of the loan and whether the homeowner selects a fixed or variable rate product. Rates displayed are for loans closed in the month shown. To learn lots more about these products, see our Comprehensive Guide to Reverse Mortgages and HECMs.

HECM Traditional Rates

MonthARMFixed
Nov-19 4.25% 4.6%
Oct-19 4.3% 4.54%
Sep-19 4.24% 4.91%
Aug-19 4.28% 4.81%
Jul-19 4.49% 4.71%
Jun-19 4.72% 4.75%
May-19 4.76% 4.8%
Apr-19 4.85% 4.76%
Mar-19 4.94% 4.77%
Feb-19 5.07% 4.75%
Jan-19 5.11% 4.74%
Dec-18 5.04% 4.67%

HECM Rate Trends - Traditional

ARM Fixed
Time Range:12m
Traditional HECM are currently 79.41% of new HECM originations
Show Graph
Data source: HUD.gov

HECM Purchase Rates

MonthARMFixed
Nov-19 3.82% 4.4%
Oct-19 3.88% 4.59%
Sep-19 3.88% 4.58%
Aug-19 3.97% 4.66%
Jul-19 4.14% 4.67%
Jun-19 4.44% 4.74%
May-19 4.46% 4.73%
Apr-19 4.55% 4.82%
Mar-19 4.6% 4.8%
Feb-19 4.77% 4.79%
Jan-19 4.9% 4.77%
Dec-18 4.85% 4.72%

HECM Rate Trends - Purchase

ARM Fixed
Time Range:12m
HECMs for purchase are currently 6.83% of new HECM originations
Show Graph
Data source: HUD.gov
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HECM Refinance Rates

MonthARMFixed
Nov-19 3.83% 3.91%
Oct-19 3.89% 4.26%
Sep-19 3.87% 4.37%
Aug-19 3.98% 0%
Jul-19 4.19% 4.44%
Jun-19 4.49% 4.25%
May-19 4.53% 4.63%
Apr-19 4.64% 4.59%
Mar-19 4.81% 4.78%
Feb-19 4.96% 4.83%
Jan-19 5.05% 4.64%
Dec-18 4.99% 4.63%

HECM Rate Trends - Refinance

ARM Fixed
Time Range:12m
Refinance HECMs are currently 13.76% of new HECM originations
Show Graph
Data source: HUD.gov
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