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

Fri, 17 Sep 2021 20:27:00 GMT
mortgage rates, interest rates, bond markets
Rates at 2-Month Highs Ahead of Fed Week

Mortgage rates ended the week at the highest levels in roughly 2 months as investors moved to the sidelines ahead of next week's Fed announcement.

In other words, investors sold bonds (among other things) and in the bond market, selling pressure means lower prices and higher rates, all other things being equal. 

Despite the poor finish, things started out well enough.  The Consumer Price Index (CPI), a key inflation report, came out lower than expected on Tuesday.  With inflation being an important consideration for the bond market at the moment, the reaction was obvious.  Unfortunately, it was also short-lived.

...(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