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 November 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!
“Interest rates have risen slightly in the last few weeks despite the rate moves by the Federal Reserve. Typically, 30-year mortgages follow the 10-year treasury, which as of today 11/14/2019 is at 1.812% with rates at, or about, the low 4s. Just 6 weeks ago for example, it was at 1.55% putting rates on a 30-year mortgage in the 3’s.
Patterns seem to be following current events, key economic data, and the markets so be on the lookout for the finalizing of the China trade deal, jobs reports, unemployment, and the up or down in the stock market.
Historically speaking November and December rates are relatively calm, so now is a good time to make a move and lock your rate prior to spring buying season!”
– Diane Hance, Market Manager at Premier Bank