MEI Appraisal Company, LLC - Mortgage Rates and Calculator

MEI Appraisal is a member in good standing with the American Society of Appraisers (ASA).  The ASA and its members keep current of all the associated news and events within the profession.  Below are the recent interest rates along with a simple mortgage calculator for your convienience.

Recent Mortgage Rate Feed

Mon, 20 May 2019 21:18:00 GMT
mortgage rates, interest rates, bond markets
Mortgage Rates Mostly Hold Near Lows, But Things Could Change Tomorrow

Mortgage rates moved microscopically higher today, depending on the lender.  In terms of underlying movement in the bond market, however, rates should have risen a bit more than they did.  This has to do with the timing of the bond market weakness and the amount of movement lenders typically want to see before changing their mortgage rate offerings for the day.  Simply put, weaker bonds suggest higher rates, but bonds didn't weaken fast enough for most lenders to see their "re-price" threshold.  

All of the above means that most lenders continued to offer rates that were very close to the lowest levels in more than a year.  Only a handful of days have been any better, and all of them have occurred in the past 2 months.  

...(read more)

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Mortgage Calculator

Sales Price: $
Down: %
Interest Rate: %
Term: yrs
Monthly payment: $

Example Rates

Mtg Loan    Rate  
30-yr Fixed 4.00%
15-yr Fixed 3.25%
5-yr Adj 2.625%
* see listing to the left for the latest rates