Anderson Homes, LLC

Mortgage rates are starting to climb as predicted here and by many experts around the country.   Two weeks ago a client of mine obtained a 30-year fixed rate mortgage at 4.5%, but during the one week of negotiation on the property, his points increased by $1,500 to keep the interest rate locked in at 4.5%.

But this week the interest rate is already starting a steady long climb (4.91% today), which is to say, “If you intend to build your home and get a loan, you really cannot afford to wait for months.”   If you wait too long, your monthly payments will be hundreds of dollars more, and over 30 years, that can amount to a large sum of money.

Call us to get started on your house and building plans.   We’ll be glad to help with all the details.

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