Rates subject to change without notice.
|
Loan Type |
Rate without DAP* |
Rate with DAP |
|---|---|---|
|
FHA only |
4.250% |
4.375% |
|
Loan Type |
Regular Rate |
Zero-Point Rate |
|---|---|---|
|
*Government Rates only |
4.500% |
4.875% |
* Government includes FHA, RHS, and VA.
|
Loan Type |
Regular Rate |
Zero-Point Rate |
|---|---|---|
|
*Conventional Rates |
4.500% |
4.875% |
**At the present time, KHC is not offering a conventional product at 81% or greater LTV.
We want to discuss the impact the downgrade of the U.S. credit rating will have on mortgage interest rates. In these times of uncertainty and volatility, no one knows for sure what will happen next. However, we want to talk
via Mortgage Rates: Impact of the Credit Rating Downgrade.
Better lock in a mortgage rate now Kentucky - USA Today.
by Sandra Block on Jul. 29, 2011, under USA Today News
If you’re considering buying a home or planning to refinance, here’s some advice: lock in a Kentucky mortgage rate. Now.
Kentucky Mortgage rates, which have been at historic lows for months, could shoot higher if lawmakers fail to reach an agreement to raise the debt ceiling by Tuesday, says Greg McBride, senior financial analyst for Bankrate.com.
A government default would cause Treasury bond prices to plummet, and yields would rise. “Uncle Sam’s borrowing rate is the baseline from which all consumer and business borrowing rates are determined,” McBride says. “If Uncle Sam’s costs go up, borrowing costs go up for everybody.”
Even if the default is short-lived, the ratings agencies have signaled they’ll downgrade U.S. debt. That would also drive up consumer rates, because the government would be forced to pay higher rates to bond investors.
“Consumers might look back on this period six months from now and regret it if they don’t take action,” says Mona Marimow, senior vice president for LendingTree, a loan comparison website.
So far, the debt-ceiling fracas hasn’t affected mortgage rates. The average rate for a 30-year fixed-rate mortgage in Kentucky for the week ended July 28 was 4.55%, only slightly higher than a week earlier, according to Freddie Mac. Rates slipped on Friday after the Commerce Department reported that the economy grew at a lower-than-expected 1.3% in the second quarter.
Borrowers who want to lock in low rates will need to act fast, says Keith Gumbinger, vice president of HSH, a publisher of mortgage data. “If the government does default, it’s going to be hard to lock in an interest rate,” he says.
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I specialize in Kentucky FHA/VA ,USDA, KHC, Conventional mortgage loans (Fannie Mae)in Ky. I am based out of Louisville Kentucky. I have helped over 589 Kentucky families buy their first home and refinance their current mortgage for a lower rate; For the first time buyer with little money, Kentucky Housing/KHC offers(zero-down)loans with downpayment assistance. Free credit report and Free pre-approvals within 1 hour..Call me today at 502-905-3708 or email me at kentuckyloan@gmail.com NMLS#57916
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