what is the going interest rate for construction loans
Interest Rate for Home Construction Loan Detail One: Lock Your Rate In ASAP! Rates are already starting to climb just a bit. After dropping to below 4% in 2010, this year has shown average mortgage interest rates rise to 4.95 for a 30 year loan, and 4.20 for a 15 year loan. Any mortgage interest rate below 5% is a great deal. Locking in a great low rate is the best gift you can give yourself for the next 15 or 30 years.