June 2022 Interest Rates

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 June 2022 from mortgage and real estate expert, Diane Hance. 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!

“Hello Everyone and Happy June! The year is nearly half over, so as we prepare for second half it’s a great time to review market conditions and rates. We begin the month with a slight dip in the 10 year treasury bond that drives interest rates and rates have dipped into the low 5s. However just in the last 5 days rates have ticked up again, likely in preparation for the June Fed meeting and coming rate hike of .25-.5%. The good news is many economists believe inflation hit the ceiling in April and we could be in for market stabilization in the second half. Stay Tuned. With job numbers and employment numbers so strong the economy appears to be able to handle these hikes in stride. On the housing front, we are moving into a consultative environment. Study up on your knowledge and take time to understand your customer’s needs. People still need houses and mortgages. We can still find ways to create a win for them!”

– Diane Hance