Compare mortgage rates in Orlando.

Introduction to Mortgage Rates

Where Mortgage Rates Come From

In Florida, mortgage rates are heavily influenced by the bond market, especially the 10-year U.S. Treasury Note. When the yield on the T note moves up, rates on home loans generally do, too. The housing market and the rate of inflation also have a big impact on the direction of rates. A good economy and a low unemployment rate tend to push rates up, while a struggling economy and high unemployment rate tend to bring rates down. By keeping an eye on these key economic indicators, you can get a better sense of when to lock in a good rate.

See what factors impact your mortgage.

See how different loan amounts, down payments, and other factors impact your home mortgage with our mortgage calculator.

How Interest Rates Affect Home Affordability

Particularly if you are buying your dirst home, it can sometimes seem as if all the talk is about mortgage rates. But a fraction of a percentage point can have a genuine impact on your monthly budget and your long-term financial health.

The median sale price of a home in Orlando tops $400,000, according to Redfin, so it’s not unusual for a buyer to borrow more than $300,000. The chart below shows how the interest rate and loan term on a $300,000 mortgage can affect both your monthly payments and the total amount of interest you pay over the life of the loan. Once you realize that switching from 6.00% to 7.00% can cost you roughly $70,000 over a 30-year loan term, keeping an eye on those percentage points begins to look pretty smart, indeed.

Orlando, Florida Mortgage Rate Trends

Historical U.S. Mortgage Rates

When you’re in the market for a mortgage in Orlando, it helps to have perspective on the history of mortgage rates in the area. While it’s true that average mortgage rates have risen since hitting a historic low in 2021, they are still well below the high points of previous decades.

To get some perspective on what “high” and “low” rates have looked like over the last half-century, consider the graph below. The chart shows how Florida’s average rate has compared to the national average in recent decades. (The Federal Housing Finance Agency stopped compiling this data after 2018.) Rates have experienced significant fluctuations over the past two decades. From a high of 7.96% in 2000, rates steadily declined to 5.78% by 2003. While rates have risen in recent years, they remain below historic highs.

Types of Mortgages Available in Orlando

In Orlando, borrowers have different types of mortgage loans to consider when purchasing a home. Carefully consider each of these options to find the best fit for your financial situation and homeownership goals.

Should You Wait for Interest Rates to Drop?

If you’re in the market for a home in Orlando, you might be wondering whether it’s worth waiting for mortgage rates to fall. The latest economic forecasts suggest that rates are likely to hold steady in the near term. The average rate for a 30-year fixed mortgage is expected to end 2025 at 6.30%, and the outlook for 2026 doesn’t call for much change. The good news is that homeowners can always do a mortgage refinance if rates do move lower, giving them some flexibility in managing their home loans.

Recommended: Average Monthly Expenses for One Person

Cost of Living in Orlando

The overall cost of living in Orlando has an impact on home prices and how you fit mortgage payments into your larger budget. As you can see below, Orlando is less expensive than the U.S. as a whole, and also a less expensive place to live than other Florida cities such as Fort Lauderdale and Miami.

Here’s how Orlando stacks up against some of its fellow Florida cities on an index where 100 is the average cost of living in the U.S.

How to Get Your Best Possible Rate in Orlando

To get the best mortgage rates in Orlando, Florida, consider this your to-do list:

•   Safeguard your credit score by paying down your credit card balances and making your payments on time.

•   Lower your DTI ratio by chipping away at your debts.

•   Make a higher down payment to the extent possible.

•   Consider going through the mortgage preapproval process. Doing so will give you a better idea of what you can afford.

Another thing to put on your list? Exploring government-backed loans and Florida programs for first-time homebuyers or those with limited resources. We’ll discuss that in more detail below.

Helpful Tools & Calculators

A mortgage payment calculator can be a very helpful tool, allowing you to estimate your potential monthly payments and the overall costs associated with different mortgage rates in Orlando. It’s just one of our favorite homebuyer calculators.

How to Evaluate Loan Offers in Orlando

As we’ve seen, a competitive mortgage rate can make a world of difference, saving you substantial money in the long run. When comparing loan offers, pay close attention to the annual percentage rate (APR). This is different from the interest rate because it encompasses fees and closing costs in addition to interest charges. Once you’ve found an offer that speaks to you, consider locking in your rate for up to 90 days, especially if you suspect rates may rise. This way, you can secure a favorable deal and protect your budget. After all, every penny saved is a penny earned.

Orlando Mortgage Resources

Florida offers several programs to support those who are first-time buyers or who have limited financial means. These can include down payment assistance programs and closing cost help, which can significantly reduce the financial burden of buying a home. Florida Housing offers 30-year fixed-rate first mortgage loans to first time homebuyers through participating lenders. Eligible borrowers may also participate in one of Florida Housing’s second mortgage programs to assist with down payment and closing costs. A minimum credit score of 640 is one of the program requirements.

By taking the time to explore Florida programs for first-time homebuyers, you can make more strategic and financially sound decisions. As noted above, many first-time homebuyer programs consider anyone eligible so long as they have not purchased a primary residence in the last three years.

Recommended: The Best Affordable Places in the U.S.

Closing Costs in Orlando

Orlando house-hunters would be wise to set aside 2% to 5% of their home’s purchase price for closing costs. The nitty-gritty of what you’ll pay can be influenced by a variety of factors, from the property’s value to its location. Costs typically include the following:

•   Abstract and recording fees: These are related to the title search.

•   Application fee: Your lender’s charge to process a loan application.

•   Appraisal and survey fees: This is usually in the $300 to $600 range and is sometimes paid before the closing.

•   Credit reporting, underwriting, and origination fees: The lender may charge anywhere from $10 to $100 per applicant to check their credit score; underwriting fees (often in the $300 to $750 range) may also be added. Origination fees can be from 0.5% to 1% of the loan’s value.

•   Flood certification fee: If required, the certification will state the flood zone status of the property.

•   Title search and title insurance fees: The buyer typically pays for the title search that verifies there are no other claims on the property in question.

The Takeaway

Orlando’s mortgage landscape offers plenty of options for homebuyers, but no matter which loan type you are considering, staying in the know about current mortgage rates is key. By keeping your finger on the pulse of the market and exploring available assistance programs, you can make a smart choice that aligns with your financial goals.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

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FAQ

Will mortgage rates drop in Orlando, Florida?

Economists are anticipating that mortgage rates will hover around 6.30% through 2025, with only marginal movement in 2026. But bear in mind that no one can predict the movement of financial markets with certainty.

Will Orlando, Florida home prices ever drop?

Orlando’s median home sale prices have hovered around a 5-year high of $415,000 for the last year. Local market experts see inventory growing, which might exert a downward pressure on prices. Homebuyer budgets could also be helped if mortgage rates in Orlando decrease slightly. But given that home insurance prices have been rising, there doesn’t seem to be much relief in sight for the total cost of homeownership in Orlando.

Is it a good time to buy a house in Orlando, Florida?

Whether it’s the right time to buy a house in Orlando, Florida, is a decision only you can make because it’s based as much on your personal needs as on the larger market conditions. Is your lease on a rental home ending? Is your family growing? Do you have a child entering kindergarten? Are you eager to build equity? Any of these could signal that the time to buy is now.

How do mortgage interest rates function?

Mortgage interest rates, presented as a percentage, reflect the cost of borrowing money to purchase a home. A lender determines how much interest to charge by applying the rate to the loan balance. Fixed-rate mortgages maintain a constant interest rate over the loan term, while adjustable-rate mortgages (ARMs) have rates that change in line with the market. Borrowers who want to know exactly how much of each month’s payment is going toward interest vs. the principal owed can consult the amortization schedule for their loan.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.

†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.

SOHL-Q225-085

Compare mortgage rates in Charlotte.

Introduction to Charlotte Mortgage Interest Rates

Where Mortgage Rates Come From

Mortgage rates are greatly influenced by the economy and financial markets. In particular, the bond market, including the 10-year U.S. Treasury Note, is a primary determinant of mortgage interest rate trends. When the T note goes up, mortgage rates are typically also on the rise.

The housing market can also impact mortgage rates. In a sluggish housing market, rates might be lowered to encourage home buying and lending. Inflation and unemployment rates also have an impact on mortgage rates in North Carolina. These rates can affect the cost of lending and the stability of the economy in the state.

For homebuyers, the important thing is to understand that mortgage rates aren’t arbitrary numbers. By keeping an eye on the headlines about the economy and interest rates, you can become more attuned to when rates are about to make a move.

See how your debts may affect your mortgage.

Use SoFi’s debt-to-income calculator to determine your personal DTI number.

How Interest Rates Affect Home Affordability

Mortgage rates play a pivotal role in the overall affordability of a home loan. Let’s break it down: If you have a $400,000 loan at a 6.50% interest rate for a 30-year term, your monthly payment would be around $2,528. But if that rate creeps up to 7.00%, your monthly payment jumps to $2,661.

That’s not a huge jump. But over 30 years, that 0.50% difference equates to nearly $48,000 in savings for the borrower who secured the lower rate. This is why understanding mortgage rates is key to smart budgeting and financial planning when purchasing a home.

For you visual learners, the chart below shows how interest rates and repayment terms impact the monthly payment and total interest paid on a $300,000 fixed-rate mortgage.

Charlotte Mortgage Rate Trends

Historical U.S. Mortgage Rates

If the recent history of mortgage interest rates feels like a rollercoaster, you’re onto something. Rates dipped to a historic low of under 3.00% in 2021. More recently, rates have been on the rise, though they’re currently on par with the historical average.

The table shows you how North Carolina rates closely follow the national average, often a bit lower. (The Federal Housing Finance Agency stopped compiling this data after 2018.)

Should You Wait for Interest Rates to Drop?

If you’re thinking about buying your first home in Charlotte, you might be wondering if waiting for mortgage rates to fall is a good idea. Current forecasts suggest that mortgage rates in Charlotte will stay fairly steady in the near future. The average rate is projected to end 2025 at about 6.30%. While waiting for a potential decrease could save you some money on interest, it’s important to consider the opportunity cost and the current state of the housing market before making a decision.

If you do decide to move forward with a purchase, remember that you can always take advantage of lower rates later on with a mortgage refinance.

Cost of Living in Charlotte, North Carolina

The average home value in Charlotte was just under $400,000 in spring of 2025. That’s considerably higher than the state average of $332,000, and even higher than the national average of $361,000. However, at 98.9, the overall cost of living in Charlotte is below the national average. This can help homebuyers fit a mortgage payment into their budget.

Here’s how the overall cost of living in Charlotte compares to other North Carolina cities on an index where 100 equals the average cost of living in the U.S.

Recommended: The Best Affordable Places in the U.S.

How to Get Your Best Possible Rate in Charlotte

To secure the best mortgage rates in Charlotte, there are a few things you can do:

•   Focus on improving your credit score, which can make you a more attractive borrower in the eyes of lenders.

•   Work to decrease your debt-to-income (DTI) ratio, aiming for no higher than 36%.

•   If possible, increase your down payment to reduce the loan amount needed and, potentially, your interest rate.

•   A steady income and robust assets also reassure lenders and strengthen your application.

•   Consider going through the mortgage preapproval process to get a sense of your monthly payment early on.

•   Explore different types of mortgages, such as adjustable-rate mortgages (ARMs) and government-backed loans, which may offer better rates.

•   Compare offers from multiple lenders to find the best mortgage rates available in Charlotte.

Tools & Calculators

Mortgage calculators are a great way to estimate your monthly payments and get a feel for the total interest costs over the life of the loan. These user-friendly tools can help you understand the impact of different mortgage rates in Charlotte on your overall budget and financial planning.

Types of Mortgages Available in Charlotte

Here in Charlotte, you’ve got a range of mortgage options to consider. Conventional mortgages are the go-to for many, with an average homebuyer credit score of 758 in 2024. But if you’re not quite there yet, FHA loans offer a more flexible credit requirement and attractive low down payment options. And let’s not forget VA loans, which come with the significant benefit of no down payment for those who qualify.

How to Evaluate Loan Offers in Charlotte

Securing a competitive mortgage rate is key to your financial well-being. Even half a percentage point can equate to substantial savings over the loan’s lifetime. By comparing interest rates and fees from multiple lenders, you’re positioning yourself to make an informed decision.

It’s the annual percentage rate (APR) that tells the whole story, factoring in fees, closing costs, and discount points. Once you’ve found a loan offer that resonates, you can opt to pay a fee to the lender to lock in your rate for up to 90 days, shielding you from potential rate hikes.

Charlotte Mortgage Resources

North Carolina is your ally in the quest for homeownership, offering a wealth of resources and programs tailored to first-time buyers or those with financial constraints. The North Carolina Housing Finance Agency (NCHFA) is a prime example, with the NC Home Advantage Mortgage at the forefront. This initiative presents a 30-year fixed-rate mortgage and up to 3% in down payment assistance. Moreover, the NC 1st Home Advantage down payment assistance program extends a generous $15,000 in down payment help, structured as a 0% interest deferred second mortgage.

Closing Costs in Charlotte

If you’re buying in Charlotte, you can expect to pay between 2% and 5% of the loan amount in closing costs. With the average home value in Charlotte just under $400,000, that’s about $8,000 to $20,000. The final amount will depend on the property’s value and location. It’s important to be aware of these expenses and budget for them, as they can have a big impact on your overall financial commitment. Here’s how some of the costs break down:

•   Abstract and recording fees. Related to summarizing the title search.

•   Application fee. Some lenders charge to process your loan application.

•   Appraisal and survey fees. Usually in the $300 to $600 range, but could be higher, depending on the home, its location, and other factors.

•   Credit reporting, underwriting, and origination fees. The lender may charge $10–$100 per applicant to check their credit score. Underwriting fees (often in the $300 to $750 range) may also be added to closing costs. Origination fees can be about 0.5% to 1% of your loan’s value and cover the costs of the lender creating your loan documents.

•   Flood certification fee. The lender may require a flood certification, which states the flood zone status of the property.

•   Title search and title insurance fees. A title search is done to see if there are any other claims on the property in question; usually in the $75 to $200 range. The lender often requires title insurance as a protection; this one-time fee costs between 0.1% and 2% of the sale price.

The Takeaway

The mortgage landscape in Charlotte, North Carolina is as varied as the neighborhoods you’re considering. By staying informed about current mortgage rates and exploring local assistance programs, you can take the first steps to buying, or refinancing, a home in the Queen City. Whether you’re a first-time buyer or a homeowner looking to refinance, understanding the different types of mortgages available and the various factors that influence mortgage rates in North Carolina can be invaluable in helping you secure the best possible loan terms.

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FAQ

Will mortgage rates drop in Charlotte, North Carolina?

While we can’t predict the future, keeping an eye on economic shifts and the Federal Reserve’s decisions can give you a leg up on what’s to come. When rates on the 10-year U.S. Treasury Note rise, mortgage rates may be headed up as well.

Will mortgage rates ever go back to normal?

Mortgage rates always ebb and flow. While we may not see a return to the rock-bottom rates of the post-2007 era, we can hope for stability. And current predictions are for rates to remain steady through 2025 and into 2026.

Will Charlotte, North Carolina home prices ever drop?

The Charlotte housing market is influenced by a number of factors, including the state of the economy both locally and nationally, and the balance of supply and demand. While it’s difficult to predict the exact direction of home prices due to the inherent volatility of the market, a real estate agent with local knowledge may be able to help you assess where prices are headed.

Is it a good time to buy a house in Charlotte, North Carolina?

Deciding whether to buy a house in Charlotte depends significantly on your personal financial readiness. That said, Charlotte is a prime spot for first-time homebuyers, with a burgeoning economy and a wealth of job prospects. Plus, there are programs like the NC Home Advantage Mortgage to lend a hand.

Compare mortgage rates in Louisville, KY.

Introduction to Louisville Mortgage Interest Rates

For first-time homebuyers in Louisville, Kentucky, understanding mortgage rates is very important for making sound financial choices. And even if you’ve bought a home before, it’s smart to brush up on the latest mortgage rates.

This guide explains how mortgage rates in Louisville are determined and provides valuable insights into the process of securing a loan. Give us a few minutes, and you’ll learn how to secure the lowest rate possible when purchasing a home, potentially saving you thousands of dollars over the life of the loan. The first step? Understand the macro trends driving mortgage interest rates in Louisville, a city of horse-racing, Bourbon culture, and more than 600,000 people.

Where Mortgage Rates Come From

The interest rate you’re offered for your home loan is influenced by a number of economic factors, including the bond market, which has lately been in a state of flux. The 10-year U.S. Treasury Note is the dominant benchmark for mortgage rates, and when the yield on this particular note increases, rates in Kentucky also tend to rise. The overall housing market, the state of the current economy and the rate of inflation are also factors in determining mortgage rates. Generally, a strong economy and a good job market can lead to higher rates for people looking to buy homes. Understanding these economic factors and industry trends can help you get the best deal on your mortgage.

Of course, your own personal financial metrics will also influence the rate you are offered. The higher the score, the lower the rate you’ll likely obtain. The amount of your down payment plays a role as well. Making a larger down payment can result in a lower interest rate, because borrowers with significant equity are perceived as a lower default risk. Finally, your debt-to-income (DTI) ratio, which measures your monthly debts against your income, is also important. In general, mortgage lenders like to see a DTI ratio of no more than 36%, though that is not necessarily the maximum.

See how your debts may affect your mortgage.

Use SoFi’s debt-to-income calculator to determine your personal DTI number.

How Interest Rates Affect Home Affordability

Mortgage rates play a significant role in determining home affordability for potential buyers, as well as for those considering a mortgage refinance. To illustrate, let’s say you take out a $400,000 loan. At a 6.50% interest rate, your monthly payment would be $2,528. But if the rate were to increase to 7.00%, your payment would go up to $2,661. That might not feel like such a big jump, but over the course of 30 years, that half a percentage point difference would cost you nearly $48,000 in interest. This is why it’s so important to get the best mortgage rates you can.

Recommended: Best Affordable Places to Live in the U.S.

Louisville Mortgage Rate Trends

Historical U.S. Mortgage Rates

Looking back can often shed light on the path ahead. After the Great Recession, mortgage rates have been on the rise, but they’re still a far cry from the towering peaks of the past. In Kentucky, rates tend to hover just around the national average, as shown in the chart at right. To get a sense of what a “high” or “low” rate might look, check out the graphic below, which shows a half-century of rates for a 30-year mortgage.

Types of Mortgages Available in Louisville

In Louisville, you have many types of mortgage loans to choose from. Conventional mortgages typically require a credit score of 620 or higher. In 2024, the average homebuyer credit score was 758, according to Experian®. The types of loans below can have terms anywhere from 10 to 30 years or more, and the term you choose will affect your interest rate and payment amounts.

Those who are buying a first home may qualify for lower down payments. These are the most common types of mortgages available:

Should You Wait for Interest Rates to Drop?

You might be wondering if you should wait for mortgage rates in Louisville to fall. According to Fannie Mae, the average mortgage rate is expected to be around 6.30% at the end of 2025. Whether it makes sense to wait for a drop that may not come depends on your personal situation. If your rental apartment lease is expiring, the timing might be right for a purchase, especially if your monthly costs wouldn’t change a great deal. If rates do drop down the line, you can always refinance your mortgage to take advantage of the lower rates.

Cost of Living in Louisville, Kentucky

Louisville’s cost of living stacks up nicely when compared to the cost of living in the U.S. as a whole. Housing costs, in particular, are relatively affordable, weighing in at about 80% of the national average. In this moderately competitive housing market, the median sale price of a house was $249,000 in early 2025, Redfin reports. Despite an upward trend in home prices over the past year, homeownership is within reach for many residents so long as homebuyers are smart about budgeting and getting the best possible mortgage interest rate.

Recommended: Average Monthly Expenses for One Person

How to Get Your Best Possible Rate in Louisville

To land the most favorable mortgage rates in Louisville, you’ll want to focus on two key areas: your credit score and your DTI ratio. The higher your credit score and the lower your DTI, the better the rates you can expect from lenders. Additionally, a larger down payment, a history of steady income, and solid assets can all work in your favor. Going through the mortgage preapproval process can help you fine tune exactly what amount of money a lender will offer you and at what interest rate. And don’t forget to explore different mortgage options, such as ARMs and government-backed loans, which can offer lower mortgage rates in Kentucky.

Tools & Calculators

The three tools below will give you a clear picture of how much house you can afford and what the monthly loan payments might look like with various down payment amounts, interest rates, and loan terms. Use them to make more informed decisions about which loan is the best fit for your particular needs.

How to Evaluate Loan Offers in Louisville

Given that a competitive mortgage rate is your golden ticket to long-term savings, you’ll want to compare interest rates and fees from various lenders before signing on for a mortgage. Don’t just examine a loan’s interest rate. Look at the annual percentage rate (APR) — it takes into account fees, closing costs, and mortgage points. Worried about interest rates shifting after you’ve made a bid on a home? Consider paying a fee to lock in your rate for up to 90 days. This move can ensure you rein in mortgage expenses in Louisville.

Louisville Mortgage Resources

Kentucky has down payment assistance programs and other tools designed to help you achieve your homebuying dreams, particularly if you’re a first-time buyer or have limited financial resources. The Kentucky Housing Corporation (KHC) offers initiatives such as the KHC Conventional Preferred Loan Program, which can get you a 30-year fixed-rate mortgage with just a 3% down payment. The KHC Regular Down Payment Assistance Program (DAP) is another option, providing up to $10,000 for down payment and closing costs, repayable over 10 years at 3.75% interest.

Closing Costs in Louisville

For those of you ready to make a home purchase in Louisville, you can anticipate closing costs that typically range from 2% to 5% of your loan amount. These costs can vary based on the property’s value and where it’s located. Common line items include loan origination fees, appraisal, and title insurance. It’s wise to include these in your financial planning when gearing up to buy a home.

The Takeaway

Louisville’s mortgage landscape is as varied as its neighborhoods. By keeping an eye on current mortgage rates in Louisville and tapping into assistance programs, if you qualify, you can make strategic decisions that align with your financial goals and achieve successful homeownership in Louisville. Whether you’re a first-time homebuyer or a seasoned homeowner, taking the time to research and compare different loan options can lead to significant savings and a smoother homebuying process.

View your rate

FAQ

Will mortgage rates drop in Louisville, Kentucky?

History shows that rates are a moving target, influenced by ever-changing economic factors. The forecast is that rates may drop in 2025 — but not very significantly. Here’s the thing: Your current financial situation, current housing expenses, and your long-term goals are important if you’re trying to decide if now is the time to buy. Factor those in and don’t focus solely on rates.

Will mortgage rates ever go back to “normal”?

What is “normal” for mortgage rates is different for each person, as some homebuyers may recall the double-digit rates of the 1980s, and others may only remember the dramatic dip in rates that happened around 2021. Rather than focus on what’s normal, keep your eye on economic factors, such as inflation, bond prices, and housing market conditions. This will help you make strategic decisions about when to lock in a favorable rate.

Will Louisville, Kentucky home prices ever drop?

Louisville, Kentucky’s home prices have been on a fairly steady uptick over the last decade. Although challenges in the larger U.S. economy could cool buyers’ interest this year, the thinking at the moment is that prices in Louisville will remain resilient — good news for sellers, but maybe not such great news for buyers.

Wondering if it’s the right time to buy a house in Louisville, Kentucky?

Despite an increase in home prices over the last year, Louisville, Kentucky is still a budget-friendly place to purchase a home. The Kentucky Housing Corporation (KHC) has loan and down payment programs tailored to first-time buyers and those with limited incomes, which may also help make this a welcoming community.