November 2021 Interest Rates

November 17, 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.  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 the mortgage and real estate expert, Holden Lewis. 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!

On Wednesday, Nov. 17, 2021, the average interest rate on a 30-year fixed-rate mortgage dropped one basis point to 3.071% APR. The average rate on a 15-year fixed-rate mortgage rose two basis points to 2.403% APR and the average rate on a 5/1 adjustable-rate mortgage went up two basis points to 3.104% APR, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 21 basis points higher than one week ago and 18 basis points higher than one year ago. A basis point is one one-hundredth of one percent. Rates are expressed as an annual percentage rate, or APR.

Holden Lewis

Try Our New

Interactive Floor Plan Viewer

Standard Features:

Name Brands You Can Trust

Over the Course of 65+ Years

Thousands of Quality Custom Homes Built

Taylor Homes