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Taylor Homes

May Interest Rates

May 7, 2015

May Interest Rates:

Interest-Rate-GraphicEveryone has heard the following phrases:”now is the time to buy” “interest rates are low, act now!” Take a look at the interest rates as provided by Wells Fargo and the National Home-Builders Association. Keep in mind that these change on a daily basis and most likely won’t be the same if you log in to check them yourself.

Product Interest Rate APR These rates are a snapshot from Wells Fargo.

 

 

To provide a comparison
Conforming Land in October of 1990 rates were 9.91% for a 15 year loan & 10.24% for a 30 year rate.

FHA Loans

30-Year Fixed 4.125% 4.150%
30-Year Fixed FHA 3.750% 4.793%
15-Year Fixed 3.375% 3.445%

7-Year ARM 3.250% 3.163%
5-Year ARM FHA 3.375% 3.572%

*These rates are a snapshot from Wells Fargo.* To provide a comparison
in October of 1990 rates were 9.91% for a 15 year loan & 10.24% for a 30 year rate.

The National Home Builders Association provides a valuable resource to those people who are considering building a home.

While interest rates have started to climb back up from 2 or so years ago, the current market conditions still are very favorable for those who are seriously considering a major decision such as building their own dream home.

It might be time to start taking notes when you hear people say: “now is the time to build” or “you better act now before it’s too late!”

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  We love our Taylor HOME!

We love our Taylor home! From the get-go with Stephanie in the office to then Eva, Shawn, and Derik during the building phases everyone at Taylor Homes were phenomenal! Derik worked with us the most, his commitment to making our house a home was fantastic, he went through leaps and bounds to make everything PERFECT! Thank you to everyone with Taylor homes for making our one of a kind, beautifully crafted, house a HOME!

by Fallon J on Jan 08, 2025 Read More

  Freedom to design our own floor plan, quality built, beautiful and fit our budget....Taylor Homes rocks!

With Taylor homes we were given the freedom to design our own floor plan and that's exactly what we did. Admittedly it is difficult to go through the process of building a home that you haven't seen, but it's also very exciting to watch your dream become a reality. Ground was broken for a construction on March 23, 2021 and our home was completed and released us on October 13, 2021. Amid supply shortages, price hacks, lack of contractors and everything else going on in this world, Taylor homes built our dream home in just under 7 months. We couldn't be happier. We now live in a quality built, beautiful, solid, custom home that fit our budget. Thank you Taylor homes!

by Melinda M on Dec 20, 2022 Read More

  Nice Home at a Great Price!

Taylor Homes did a great job building our new home. It looked so nice when they completed it. Everyone I had an encounter with at Taylor Homes was friendly and courteous. I would definitely use them again. I had the home inspected when they finished, and my new home was rated in the top ten percent in energy efficiency. They also built the home at a great price. It was a good experience from start to finish.

by Thilo M on Dec 30, 2021 Read More

  The Perfect Home!

Taylor Homes, keep doing what you're doing! Every now and then there is a project that goes without a hitch and when you are having a home built there are always going to be some issues. Even with issues, this build went pretty smooth. Taylor Homes addressed any issue promptly. The odds of everything going smoothly are rare but when there was a problem Taylor Homes was there and handled it well! I really think that they need to keep doing what they are doing because they are absolutely doing it well with terrific customer service and attention to detail! When I first saw my completed house I felt like I was moving into a castle and I couldn't believe it was mine! Very happy with my new home!

by Blake S on Jan 13, 2020 Read More