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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 March 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!

“Summer is here and the year is nearly half over! So much is happening in the markets right now be careful not to get too far in the weeds. Interest rates took a hit last week based on the Fed report and unemployment however have flattened out a bit since then. 30 year fixed rate construction loans remain hovering around 3.5% with existing homes beneath this mark. As the economy continues to improve look for more periodic rate fluctuations as the markets react to earnings reports, unemployment, new home starts and existing home sales. The new dirty word rearing its ugly head is inflation. Cost of goods is rising in some cases exponentially. Be sure you don’t take too long to lock your rate as they are changing daily sometimes even multiple times daily. Securing your financing sooner rather than later will secure your loan application and payment and protect it against the unknown market at this time. Happy Home Building!

– 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.

Taylor Homes