Interest Rates for January 2021 | Taylor Homes & Premier Bank

January 21, 2021

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 January 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 2021 Everyone! We are off and running to a great new year. As I have blogged about in prior posts the markets dislike uncertainty, and we are on uncertain ground right now. 2020 ended with interest rates on the rise. The new administration has issued a statement indicating housing to be a top priority with an emphasis on first time homebuyers and new construction. Demand for housing is expected to remain strong, but with limited supply this could put pressure on interest rates come Spring and Summer. 30 year fixed rates are hovering in the high 2’s with construction rates starting at 3.25%.  This is up .25% from early December when the current rising trend began. Some economists are predicting rates to be in the mid to high 3s by year’s end. Now is still a great time to build a new home with Taylor! 3.25% rates can build a lot of house!”

– 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.

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