When it comes to new constructions, demand conditions remain steady due to low mortgage rates and the suburban shift. However, we expect to see some cooling off in growth rates for residential construction in 2021 as supply chain issues and regulatory risks continue to plague the market.
Bookmark this page for mortgage rates:
30-year (FRM) rates at 2.96% (+0.10%)
15-year (FRM) rates at 2.43% (+0.03%)
FHA 30-year Fixed rates at 2.35% (+0.01%)
Jumbo 30-year Fixed rates at 3.31% (+0.01%)
5/1 ARM rates at 2.28% (0.00%)
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