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Kentucky

Current Kentucky Mortgage Rates

Compare mortgage rates and closing costs for leading lenders in Kentucky. Review free, personalized mortgage rates for Kentucky based on your specifc loan amount, program and other factors. Easily compare APRs, fees and monthly payments to find the lender offering the best mortgage terms.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Kentucky. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates for Kentucky as of October 22, 2019
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Get Personalized Mortgage Quotes for Kentucky

Input your information to receive personalized mortgage quotes from preferred lenders. Comparing proposals from multiple lenders is the best way to save money on your mortgage.

Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Kentucky Mortgage Rates Compare?

October 22, 2019

The current average rate for a 30 year fixed rate mortgage in Kentucky is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Today's
Kentucky Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Kentucky?

The median home value for Kentucky is $147,688

The median household income for Kentucky is $49,399

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Kentucky is $27,401

The home price you can afford to buy based on household income in Kentucky is 180% of the median home value which means housing prices are affordable. Kentucky ranks 11 out of 50 states for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the real estate market in Kentucky is affordable

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Additional Mortgage Resources for Kentucky Residents

Mortgage Rates for Kentucky Cities

Boone Mortgage Rates

Bowling Green Mortgage Rates

Campbell Mortgage Rates

Covington Mortgage Rates

Elizabethtown Mortgage Rates

Lexington Mortgage Rates

Louisville Mortgage Rates

Owensboro Mortgage Rates

Richmond Mortgage Rates

Shepherdsville Mortgage Rates

Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

FREEandCLEAR Housing Affordability Index