January 2022 Interest Rates: Beat the Price Increase

January 13, 2022

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 January 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 Thursday, Jan. 12, 2022, the average interest rate on a 30-year fixed-rate mortgage fell four basis points to 3.447% APR. The average rate on a 15-year fixed-rate mortgage stayed roughly the same at 2.636% APR and the average rate on a five-year adjustable-rate mortgage was flat at 3.027% APR, according to rates provided to NerdWallet by Zillow. The 30-year fixed-rate mortgage is 12 basis points higher than one week ago and 40 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

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