Louisville Interest Rates Inching Upward

E-mail Comment Del.icio.us Digg Reddit Technorati Furl

Jun 14, 2009 by Tre Pryor, Editor-in-Chief. News, Residential

It was bound to happen. Rates can’t stay low forever. Hopefully you’ve already taken advantage of the historically low rates. For example:

A typical 30-year fixed-rate home loan at Louisville-based Stock Yards Bank & Trust carried a 5.875 percent rate Friday afternoon, a full percentage point higher than it was May 21. The difference: consumers locking in a $100,000 mortgage at the higher rate now would face $62 in higher monthly payments.

It’s not to say rates might not drop back down towards 5% but if you’re seriously considering a move, I’m advising my clients to move quickly at this point.

Tags: interest rates, louisville ky

This entry was posted on Sunday, June 14th, 2009 at 8:47 am and is filed under News, Residential. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.