As far as borrowing money now is a good time
to remodel or build a new home.
Now is a very good time to borrow money to
build that new dream home or to update your current house. Grand Builders will
work with you to assist with everything from designing the project to the
finished project.
According to Freddie Mac (4/2/2020) mortgage
rates have drifted down for two weeks in a row and that drop reflects
improvements in market liquidity and sentiment. April 2, 2020 30-year FRM
3.33%, 15-year FRM 2.82% 5/1 year ARM 3.4%. Forecasts for 2020 say rates will
average around 3.7%. Rates could bounce between 3.5% and 4% all year, and you’d
get an average of around 3.7%. When you lock during that range is important.
The good news is that 30-year fixed rates are now near 3.5%.
The United States suffers from a severe
housing shortage. With the inadequate U.S. housing supply, it is estimated that
2.5 million additional housing units will be needed to make up for the
shortage. If you have been thinking of building a new home, updating your
existing house, adding a garage or making an addition onto your house, now is a
good time to give Grand Builders a call.
