Current Reverse Mortgage Interest Rates 2024

Current Reverse Mortgage Interest Rates 2024. In this new monthly commentary series, reverse mortgage educator dan hultquist explains the way reverse mortgage rates work and how they’ve moved over. Because we use the nearest 1/8%, hecm proposals often don’t change.

Your first reverse mortgage in 2019 was based on a property value or a hud claim amount of $726,525, leading to a ufmip of $14,530.50. Currently, the average interest rate for reverse mortgages is 5%, but that doesn’t mean it’ll stay that way.