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

Tue, 18 Sep 2018 19:35:00 GMT
mortgage rates, interest rates, bond markets
Mortgage Rates Officially Highest in at Least 5 Years

Mortgage rates edged up to 4-year highs with yesterday's bond market losses and things went from bad to worse today.  Bond markets (which underlie and directly affect rates) are under extreme pressure today and have generally had a very bad September.  Weakness in bonds equates to higher rates.

So why are bonds weak?

In part, this is weakness that was expected way back at the beginning of the year as the tax bill came to fruition and as economic data continued to suggest ongoing expansion.  Given that the inflation/growth outlook was a whole lot worse in 2013 and early 2014 when 10yr Treasury yields briefly crested 3.0%, it stood to reason that those same yields would almost certainly need to move well over 3.0% this time around (inflation/growth are key factors in Treasury yields and rates in general).

...(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