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Kentucky

Current Kentucky Mortgage Rates

Compare Kentucky mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Kentucky.

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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Kentucky Mortgage Rates as of June 15, 2024
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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.

Rate data provided by RateUpdate.com. Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

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Compare Today's Kentucky Mortgage Rates

June 15, 2024

Current mortgage rates in Kentucky are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)

Mortgage Program
Today's
Kentucky Rates
National
Average
Comparison
30 Year Fixed Rate
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6.669%
15 Year Fixed Rate
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5.960%
5/1 Adjustable Rate Mortgage
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6.250%

How Affordable is Housing in Kentucky?

Below we offer valuable insights on the housing market and real estate prices in Kentucky. Understand how much you need to make to buy a house in Kentucky, including the mortgage you need. Review the monthy loan payment so you can determine if home ownership in Kentucky is affordable for you. We provide this helpful information to help you decide if living in Kentucky is right for you.

The median home value for Kentucky is $191,506

Based on current mortgage rates and a 10% down payment, the income required to buy the median priced home in Kentucky is $39,951

With this income, you could qualify for a $172,356 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Kentucky is $925

The median household income for Kentucky is $57,635

Based on this income, you can afford a home valued at approximately $276,271

The home price you can afford to buy based on household income in Kentucky is 144% of the median home value which means housing prices are super affordable. Kentucky ranks 10 out of 50 states for housing affordability.

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

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Additional Mortgage Resources for Kentucky Residents

Mortgage Rates for Kentucky Cities

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