Mortgage Rates Drop for Fourth Straight Week for Kentucky Mortgage Loans 

Kentucky Mortgages Rates for FHA, VA, USDA, Conventional, Jumbo Mortgage Loans

Kentucky First Time Home Buyer Loan Programs for FHA, VA, KHC, USDA, Mortgage Loans in Kentucky for 2019

Kentucky Mortgage Rates for May 23, 2019 30 year and 15 year fixed rate Mortgage Loans in Kentucky

Mortgage rates continue to decline while lowering borrowing costs for home buyers this spring.

“Mortgage rates fell for the fourth consecutive week and continued the medium-term trend of lower rates since late 2018,” says Sam Khater, Freddie Mac’s chief economist. “The drop in mortgage rates is causing purchase demand to rise, and the mix of demand is skewing to the higher end as more affluent consumers are typically more responsive to declines in rates.”

Freddie Mac reports the following national averages with mortgage rates for the week ending May 23:

  • 30-year fixed-rate mortgages: averaged 4.06%, with an average 0.5 point, falling from last week’s 4.07% average. Last year at this time, 30-year rates averaged 4.66%.
  • 15-year fixed-rate mortgages: averaged 3.51%, with an average 0.4 point, falling from a 3.53% average last week. A year ago, 15-year rates averaged 4.15%.

View original post 52 more words

Advertisements

One thought on “Mortgage Rates Drop for Fourth Straight Week for Kentucky Mortgage Loans 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s