Fed Raises Mortgage Interest Rates and Projects Three More Hikes in 2018 & 2019


Kentucky Mortgage Rates for FHA, VA, KHC, USDA,
FHA, VA, USDA, Fannie Mae and KHC Mortgage Rates in Kentucky 30 year fixed, 15 year fixed, 10 year fixed rate mortgage loans in Kentu
10602 Timberwood Circle, Suite 3
Louisville, KY 40223
Phone: 5029053708 http://mylouisvillekentuckymortgage.com
Current Interest Rates

Fixed Rate Programs
[ Adjustable Rate Programs ]

Rates as of January 24, 2018 11:27:20 AM Old Date? Lock
days Qualifying
Ratios
Program Rate Points APR
Conforming 30 year FRM 3.750 1.000 4.987 30 35 / 45
rates subject to underwriting credit criteria-
Conforming 15 year FRM 3.375 1.000 3.984 30 35 / 45
rates subject to underwriting credit criteria-
FHA 30 year FRM 3.250 1.000 4.874 30 35 / 50
rates subject to underwriting credit criteria-
FHA 20 year FRM 3.500 1.000 4.425 30 28 / 50
rates subject to underwriting credit criteria-
FHA 15 year FRM 3.250 1.000 4.187 30 35 / 50
rates subject to underwriting credit criteria-
VA 30 Year FRM 3.250 1.000 4.379 30 41 / 41
rates subject to underwriting credit criteria-
VA 15 Year FRM 3.250 1.000 4.987 30 0 / 0
rates subject to underwriting credit criteria-

Adjustable Rate Programs

Rates as of January 24, 2018 11:27:20 AM Old Date? Lock
days Qualifying
Ratios
Program Rate Points APR Index Margin Caps
Please note:
This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z.
APR calculations based on a loan amount of $200,000 for conforming loans, $500,000 for jumbo loans and a maximum loan-to-value ratio of 80%.
Rates, points and programs are subject to change without notice and cannot be guaranteed.
Rates Last Updated: 1/6/2018 10:50:17 AM

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Rates expected to upsurge to 4.6% in 2018 and over 5% in 2019 and 2020.

Fed Raises Mortgage Interest Rates and Projects Three More Hikes in 2018 and 2019.

2017 has been quite a ride for Mortgage Interest rates in the US. While some months, saw a decrease in rates, others saw an increase owing to the rate hikes by the FED. The US economy saw the third interest hike of 2017 with the Federal Reserve raising interest rates by a quarter of a percentage point on Wednesday (Dec 13) and is projecting three more hikes in 2018 and two more in 2019. Also, according to a recent Housingwire article, top economists at the Mortgage Bankers Association (MBA) predict purchase mortgage volume will grow, while refinances will decrease as interest rates continue to rise. Mortgage interest rates are expected to upsurge to 4.6% in 2018 and exceed 5% by 2020.  This does raise a question about borrowers’ ability to handle growing rates as well…

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