Reverse Mortgage Rates
Here is the 2026 view on reverse mortgage rates — what moves them and when to lock.
What to know
Reverse mortgage (HECM) rates come in fixed or adjustable forms and in 2026 generally run in the high-single to low-double digits once mortgage insurance and fees are included. Because no monthly payments are made, interest compounds onto the balance over time. They are limited to homeowners 62 and older.
What affects your rate
- Your credit score and combined loan-to-value
- HELOC (variable, Prime + margin) vs home equity loan (fixed)
- Lien position and occupancy (primary vs rental)
- The Prime rate and Fed policy — and lender margins, so compare quotes
Example HELOC cost by rate (on a $100,000 balance)
| Rate | Interest-only / mo | Amortizing (20-yr) / mo |
|---|---|---|
| 7.50% | $625 | $806 |
| 8.00% | $667 | $836 |
| 8.50% | $708 | $868 |
| 9.00% | $750 | $900 |
| 9.50% | $792 | $932 |
| 10.00% | $833 | $965 |
Rates move with Prime. Join the free Cashout Equity alerts so you can lock a fixed-rate option at the right time.
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Frequently Asked Questions
- Reverse Mortgage Rates — the quick answer?
- Reverse mortgage (HECM) rates come in fixed or adjustable forms and in 2026 generally run in the high-single to low-double digits once mortgage insurance and fees are included. Because no monthly payments are made, interest compounds onto the balance over time. They are limited to homeowners 62 and older.
- Are HELOC rates higher than mortgage rates?
- Usually yes — HELOCs are variable and sit in second lien position, so they price above first-mortgage rates, but you only pay interest on what you draw.