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

Thu, 25 Feb 2021 22:28:00 GMT
interest rates, mortgage rates, bond markets
Mortgage Rates Are Now Well Over 3 Percent

Mortgage rates WISH they were still at 2.97%--the number conveyed today by Freddie Mac's weekly survey.  Freddie's data is accurate when it comes to capturing broad trends over time, but can really fall short when the bond market is experiencing elevated volatility.

To say that bond market volatility has been elevated recently is an understatement of extreme proportions.  Things are happening that haven't happened in years.  Some measures of volatility rival the March 2020 panic surrounding covid, only this time, there's no catalyst other than the market movement itself.  

Today was by far the worst of the bunch when it comes to this most recent spate of...

...(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