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, 21 Feb 2020 20:52:00 GMT
mortgage rates, interest rates, bond markets
Full Steam Ahead for Refi Boom as Rates Hit New Lows

Yesterday's mortgage rate commentary noted a fresh move down to the lowest levels in more than 3.5 years.  With just a bit more improvement, the same is true today.  This isn't some isolated opportunity.  Rates have been pushing long-term lows off-and-on for months.  In fact, we've spent more than 7 months in territory that makes refinancing attractive for big contingent of homeowners who purchased or refi'd in 2017-2018.  Making the boom even boomier is the fact that folks who refi'd in early 2019 are already back in the money for another refi now.

The numbers corroborate this.  The Mortgage Banker's Association continues showing refi applications at higher levels than those seen during the 2016 refi boom.  Simply put, we're looking at the strongest refi demand since 2012.

...(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