The National Association of Home Builders (NAHB) does a great job of watching interest rates in the United States.
Since 2006, we’ve seen a gradual decline in interest rates. Nationwide, over the past four years, interest rates have decreased significantly. Rates that were 6.5% are now 4.78%, creating quite a savings for homeowners.
The NAHB is projecting 2011 will begin to see a gradual climb in interest rates as the housing market also continues to climb. Beginning in the first quarter of 2011, home buyers will see small percentages of increase. Not a significant increase, and still keeping a reasonably affordable rate for home buyers at around 5.5%.
At Steere Home Builders, we are doing all we can to continue to provide affordable housing to Iowa homeowners. Stop in our design center today and take advantage of today’s low interest rates.
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