The time to buy is now

It’s been a buyers market for the last several years, with interest rates at all-time lows, but all of that is about to change, according to many recent reports, including this one from Reuters.

In the article, Atlanta Federal Reserve President Dennis Lockhart states that the U.S. central bank intends to raise interest rates as early as June, barring a significant downturn in the U.S. economy.

Last Wednesday, the Fed moved a step closer to raising rates for the first time since 2006, but downgraded economic growth and inflation projections. The Fed is in no rush to push borrowing costs, however firmer timelines are now being put into place that set increases in motion in our very near future.

So what does this mean for potential buyers? Time is running out. There is much to speculate on when, following the month of June, interest rates will rise, and by how much, but now we know it is coming this summer.

That said, interest rates are currently hovering around 3.93% for a 30-year fixed mortgage, and 3.06% for 15-year fixed. Now is the time to buy, and if you’ve ever considered building a home, the market is in your favor for another two to three months!

Faber Homes maintains several neighborhoods on the West side of Rochester, so if you’re a current resident looking to move, or if you’re moving here from outside the area, contact one of our sales representatives today. We have model homes for every family, including cozy two bedroom ranch floor plans, and four bedroom spacious colonials perfect for growing families. We’ll work with you to ensure your home is built to the highest standards making no compromises to quality, and becomes the home you’ve always dreamed of.

Not sure which type of mortgage is best for you? Our skilled representatives can help set you up with a mortgage consultant from the beginning and walk you through the entire process. Buying a new home can be scary, but with Faber Homes behind you, the process will be seamless and we promise you’ll feel supported through every step of the process.

Not just walls: Superior Walls

There are many things that attract buyers to a Faber Home: our attention to detail, ease of project coordination, and even our stylish models. But even before the appliances go in, walls are painted and windows are hung, we are proud to start the whole building process on a strong, sturdy, dare we say, Superior note.

We’re talking of course, about Superior Walls. 

Photo Cred: Superiorwalls.com

Oftentimes, builders will opt for foundation materials based on how remote a job site is or the expense of local foundation contractors and supplies. Faber Homes is not bogged down by these factors because we install precast concrete panels made by Superior Walls.

Superior Walls are patented precast insulated panels that are delivered to each and every home site on a truck flatbed. Walls are dropped into place and are locked together and permanently sealed. Each wall is custom built to your individual floor plan and can be built to accommodate nearly any architectural style. 

What makes Superior Walls, superior, are that they are dry and use a special low water/cement ratio of concrete. If or when you do decide to finish your basement, you will not need added insulation, as the walls are warm with a full-length insulation built in to increase energy efficiency. The walls are also “smart” in that they have built-in access for wiring and galvanized stud facing for drywall.

Many families are surprised with our estimated build times. From foundation to closing day, we usually estimate around three months (sometimes less, weather dependent, sometimes more, weather dependent and third party factor-dependent). This quick building process begins with Superior Walls, as it takes just five hours to install the foundation of your home. This knocks one to two weeks off our work schedule, letting us get to work fast, and finish faster.

Interested in learning more? Visit the Superior Walls FAQ page, or contact a Faber Homes representative today.