As we head into the second half of 2025, the housing market continues to evolve, and we are here to help you understand what this means for your journey to a new home.
Understanding the Current Mortgage Landscape
Fixed-rate mortgages are currently just under 6.75%, near historic highs. To put it into perspective:
- One year ago, rates were approximately 7%.
- Two years ago, they reached 7.12%.
- Three years ago, they were closer to 5.77%.
At the same time, the Federal Housing Finance Agency reports that just 21.9% of current mortgages carry a rate under 3%, a noticeable shift from 24.6% in early 2022. Meanwhile, an estimated 14-17% of homeowners are now paying rates of 6% or more.
What does this mean for you? While higher rates may feel like a challenge, they also signal a time of adjustment and opportunity. Builders respond with smarter designs, greater efficiency, and more accessible customization.
Why Now?
Prices are almost always better today than the future. Investing in a home as soon as possible has always been the best move to me. If and when interest rates fall, refinancing is an option. You can never go back and change the pricing.
Why Modular Makes Sense
Modular construction offers a unique advantage in today’s environment: faster build times, cost control, and high-quality craftsmanship. You do not have to wait on lengthy traditional construction schedules.
What is Trending in Home Design
Today’s homeowners are blending comfort, personality, and practicality in smart, stylish ways. Here’s what we’re seeing:
- Flexible Spaces: Home offices, media rooms, and guest suites that adapt to your lifestyle and evolve with your needs.
- Natural Materials: From warm wood finishes to stone accents, organic elements are making homes feel grounded and welcoming.
- Warm Neutrals & Moody Tones: Taupe, clay, and deep charcoal are replacing stark whites and grays, adding depth and richness.
Why Choose a modular home?
When you build with Century Homes of Oskaloosa, you are getting the best of modern modular design—customizable, beautiful, and built to last. We will match you with a local general contractor who will help bring your home to life on your land.
Get Started
If you are considering building, now is a great time to start planning. Reach out today, and we will connect you with a Local General Contractor (LGC) who can help take the first step toward your new modular home.
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