Last week the interest rates jumped the most ever - in just one day! Right now, rates are at 4.5% or higher for a 30 year loan. Too many people are scrambling to buy a home, making decisions they would not make in a calmer housing market. Additionally, sellers are over pricing their homes and starting bidding wars because they know that home inventory is historically low.
 
Don’t put up with it. If you are ready to move, and if you are worried about the steadily rising interest rates, then build a new modular home instead.  Did you know that a 1% rise in interest rates will increase your monthly payment by 10%. If you want a new home, building a modular home is the way to have the home you want at the price you want!

Modular construction can be custom designed to fit the needs of your family, whatever those needs may be. Rather than spend too much on a home that still needs work, build a modular home with a custom designed floor plan and you can have that home office, open fireplace, or new baby nursery you really want.

Building a new modular home keeps you within budget but it also alleviates stress. No more open houses, no more submitting offers only to lose out. No more considering settling so you can be in your new home for the new school year. With modular home construction, you can be in your home in 4-6 weeks after the design process is completed.

Interest rates and new home prices are once again on the rise; now is the time to build a new modular home.  For more information on custom modular homes, contact Tidewater Custom Modular Homes.