Interest Rates – Have They Hit Bottom?

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With the New Year right around the corner, we are anticipating where rates will be and what the housing market has in store. The trends we have been seeing for some time now, of extremely low interest rates and depressed prices, may very well be a thing of the past.

For buyers that have been on the fence waiting the market out, now could not be a better time to begin the build process on a new home. Not only do interest rates seem to be inching upward but also the costs that go into building a home. The price of land is also going up, as there is less and less land available in our area. The last thing you want to have happen is to miss out on such a phenomenal opportunity of being able to lock in the amazing rates that are still out there right now. At last check, buyers with decent credit for a typical mortgage are able to get an interest rate as low as 3.5% or lower depending on the loan product.

Building and construction, like any other commodity, definitely rises and falls in price – and we project prices to rise as surely will interest rates. So you should really consider moving sooner rather than later.

To be able to move in by next summer, now is the time to begin the process. We invite you to visit our models either at Portal Ridge or Saddlebrook and choose the home of your dreams!