X

Is buying a home becoming more affordable? See the new "Salary you need to buy a median-priced home in the top 50 metro areas"

Is buying a home becoming more affordable? See the new "Salary you need to buy a median-priced home in the top 50 metro areas"

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
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%
Nov-18 4.92% 4.69%

HECM Rate Trends - Traditional

ARM Fixed
Time Range:12m
Traditional HECM are currently 83.13% of new HECM originations
Show Graph
Data source: HUD.gov

HECM Purchase Rates

MonthARMFixed
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%
Nov-18 4.74% 4.67%

HECM Rate Trends - Purchase

ARM Fixed
Time Range:12m
HECMs for purchase are currently 6.82% of new HECM originations
Show Graph
Data source: HUD.gov
Get a reverse mortgage quote today.
Valid Zip Code required

HECM Refinance Rates

MonthARMFixed
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%
Nov-18 4.85% 4.59%

HECM Rate Trends - Refinance

ARM Fixed
Time Range:12m
Refinance HECMs are currently 10.05% of new HECM originations
Show Graph
Data source: HUD.gov