Interest Rates for February 2021 | Taylor Homes & Premier Bank

Taylor Homes knows that working with professionals is the best way to ensure the quality of our business. That’s why we work with other experts that help us to better the experience for our customers. One of these partnerships is with Premier Bank, our go-to for interest and mortgage information. We know these details can be a difficult and intimidating process of building your dream home – that’s why we have readily available contacts to help you through these decisions.

See the following update for February from our expert Market Manager, Diane Hance from Premier Bank. Pay close attention, as these updates are directly related to how building your home sooner, rather than later, could be the best move for you!

“Happy February Everyone! I’m guessing from wherever you are reading this that there is snow and ice involved! Stay warm and safe. Winter months are a great time to make plans for building a new home later in the year. Interest rates have been ticking up over the last 2 months. Right now a 30 year fixed start rate for a construction loan is in the low 3s. Many factors will drive rates this year including COVID outlooks, unemployment, government interventions and proposals such as the 15k first time home buyer tax credit. These are things to watch for over the coming months and gauge how rates react. The Federal Reserve has stated their monetary policy supports low rates through 2023 which is good overall but will not exclude up and down rate cycles throughout the year. Happy Snow Shoveling!”

– Diane Hance, Market Manager at Premier Bank

If you have any questions about mortgage or interest rates when building your new home, reach out to Diane today at 513-919-3705 or at DHance@yourpremierbank.com.