Interest Rates for September 2020 | 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 September 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 September! Interest rates currently are holding from August starting at 2.625% on a purchase and 3.25% for a construction loan. There was a short-term rise as the bond market and mortgage backed securities reacted to key economic indicators in mid-August, but rates now have returned to their lower levels of July. Eyes will be on key monthly economic reports (some due out this week) such as Consumer Credit (9/8) and Jobless Claims (9/10); how the markets respond to them could drive rates up or down in the short term. The election is fast approaching; historically rates stay relatively flat until a clear winner and economic policy is unveiled. No time like the present to buy or build that dream home – we can never predict what the future may hold, we only know conditions are good now, so seize the day!”

– 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.