Most people have heard the following phrases: “now is the time to buy” “interest rates are low, act now!” Take a look at the interest rates as provided by Wells Fargo and the National Home-Builders Association. Keep in mind that these change on a daily basis and most likely won’t be the same if you log in to check them yourself.
To provide a comparison:
Conforming land in October of 1990 rates were 9.91% for a 15 year loan and 10.24% for a 30 year rate.
FHA Loans
30-Year Fixed: 3.625% – APR 3.684%
30-Year Fixed FHA: 3.625% – APR 4.647%
15-Year Fixed: 3.000% – APR 3.051%
7-Year ARM: 3.250% – APR 3.575%
*These rates are a snapshot from Wells Fargo.*
The National Home Builders Association provides a valuable resource to those people who are considering building a home.
While interest rates have started to climb back up from 2 or so years ago, the current market conditions still are very favorable for those who are seriously considering a major decision such as building their own dream home.
It might be time to start taking notes when you hear people say: “now is the time to build” or “you better act now before it’s too late!”
As we start to celebrate America’s 250th anniversary, it's worth thinking about the things we…
Building your dream home is an exciting journey, and at Taylor Homes, we’re here to…
Some people are just made for this work — and Noah Allen is one of…
Double the dream this June - buy one upgrade, get one free! Mix and match…
Memorial Day weekend often brings families and friends together. It is a time for cookouts,…
If an open, connected home is at the top of your wish list, the Windham…