--- title: Why buy now? The chance to lock in lower rates! description: Why buy now? The chance to lock in lower rates! image: https://blog.skogmanhomes.com/hubfs/848_tumble_grass-011-resized.jpg --- [![skogman-logo](https://blog.skogmanhomes.com/hs-fs/hubfs/skogman-logo.png?width=176&height=51&name=skogman-logo.png "skogman-logo")](https://blog.skogmanhomes.com/) ##### Navigation - Find Your Home - [Cedar Falls & Waterloo](https://www.skogmanhomes.com/new-homes/iowa/cedar-falls-waterloo) - [Cedar Rapids Metro](https://www.skogmanhomes.com/new-homes/iowa/cedar-rapids-metro) - [Independence](https://www.skogmanhomes.com/new-homes/iowa/independence) - Why Skogman - [Our Process](https://www.skogmanhomes.com/our-process) - [Built For You](https://www.skogmanhomes.com/built-for-you) - [Testimonials](https://www.skogmanhomes.com/testimonials) - [10 Year Warranty](https://www.skogmanhomes.com/ten-year-warranty) - [Vendors & Trade Partners](https://www.skogmanhomes.com/vendors-and-trade-partners) - [Home Trade Program](https://www.skogmanhomes.com/home-trade-program) - [Energy Advantage](https://www.skogmanhomes.com/energy-advantage) - Who We Are - [Our History](https://www.skogmanhomes.com/our-history) - [Our Team](https://www.skogmanhomes.com/our-team) - Homebuyers - [Financing](https://www.skogmanhomes.com/financing) - [Refer a Friend](https://www.skogmanhomes.com/refer-a-friend) - [Homeowner Maintenance](https://www.skogmanhomes.com/homeowner-maintenance) - [Blog](https://blog.skogmanhomes.com/?__hstc=12939688.ead009bfd76f7b6f259567ae975dd849.1760380931721.1761325345428.1761328525749.10&__hssc=12939688.1.1761328525749&__hsfp=292221219) - [Warranty Requests](https://www.skogmanhomes.com/warranty) - Our Homes - [Our Plans](https://www.skogmanhomes.com/plans) - [Image Gallery](https://www.skogmanhomes.com/image-gallery) - Contact - [Contact Us](https://www.skogmanhomes.com/contact-us) - [Land For Sale](https://www.skogmanhomes.com/land-for-sale) - [Realtors](https://www.skogmanhomes.com/realtors) Contact - Contact Us - Land For Sale - Realtors Blog # Why buy now? The chance to lock in lower rates! **Posted on:** Mar 16, 2018 | **Categories:** [Blog](https://blog.skogmanhomes.com/tag/blog) What does that mean to prospective homebuyers? When interest rates go up, it influences both how much home you can afford, as well as how much you’ll pay over the span of the loan.  As of March 2nd, mortgage rates in the Cedar Rapids area were 4.25%, but could start rising if the Fed implements another rate increase. Think a one or two percent increase won’t affect your bottom line too much? Think again! Every .5% increase in mortgage rate reduces your buying power. The good thing is, interest rates are still at a historical low! Some prospective homebuyers may not be fazed by the specter of 5% mortgage rates, but others should consider the ramifications (i.e. higher mortgage payments, smaller homes) if they don’t make their move now.  If you’re still on the fence, don’t wait too long! A [new Skogman Home](https://www.skogmanhomes.com/find-your-home/iowa) is just waiting for you. Take advantage of our competitive pricing, lock in a lower interest rate – and save a bundle. ![Why buy now? The chance to lock in lower rates!](https://blog.skogmanhomes.com/hubfs/Skogman_Homes_August_2021/Images/screen-shot-2018-03-15-at-24303-pm.png)   ### Subscribe ### Categories - [2015 Best Places To Work (1)](https://blog.skogmanhomes.com/tag/2015-best-places-to-work) - [Available Homes (18)](https://blog.skogmanhomes.com/tag/available-homes) - [Blog (60)](https://blog.skogmanhomes.com/tag/blog) - [Events (6)](https://blog.skogmanhomes.com/tag/events) - [Housing Market (23)](https://blog.skogmanhomes.com/tag/housing-market) - [Media (2)](https://blog.skogmanhomes.com/tag/media) - [New vs. Used (7)](https://blog.skogmanhomes.com/tag/new-vs-used) - [News (14)](https://blog.skogmanhomes.com/tag/news) - [Skogman Homes CV (13)](https://blog.skogmanhomes.com/tag/skogman-homes-cv) - [skogmanhomes (3)](https://blog.skogmanhomes.com/tag/skogmanhomes) - [Testimonials (3)](https://blog.skogmanhomes.com/tag/testimonials) - [Tips & Trends (24)](https://blog.skogmanhomes.com/tag/tips-trends) ### Recent Posts - [Eastern Iowa 2026 Design Trends: Why Flex Rooms Matter](https://blog.skogmanhomes.com/flex-rooms-trend-2026) - [All About Marion, Iowa: Things to Do, City Growth, and New Homes](https://blog.skogmanhomes.com/things-to-do-in-marion-iowa) - [Outdoor Living Is Becoming the Second Living Room](https://blog.skogmanhomes.com/outdoor-second-living-room) - [The Benefits of Building a Semi-Custom Home](https://blog.skogmanhomes.com/benefits-of-building-semi-custom) - [Boulder Ridge: Skogman Homes Newest Community in Marion](https://blog.skogmanhomes.com/boulder-ridge-opening) ### Archives - [July 2026 (1)](https://blog.skogmanhomes.com/archive/2026/07) - [May 2026 (2)](https://blog.skogmanhomes.com/archive/2026/05) - [April 2026 (1)](https://blog.skogmanhomes.com/archive/2026/04) - [March 2026 (1)](https://blog.skogmanhomes.com/archive/2026/03) - [February 2026 (1)](https://blog.skogmanhomes.com/archive/2026/02) - [January 2026 (1)](https://blog.skogmanhomes.com/archive/2026/01) - [December 2025 (1)](https://blog.skogmanhomes.com/archive/2025/12) - [November 2025 (1)](https://blog.skogmanhomes.com/archive/2025/11) - [October 2025 (1)](https://blog.skogmanhomes.com/archive/2025/10) - [September 2025 (1)](https://blog.skogmanhomes.com/archive/2025/09) - [August 2025 (1)](https://blog.skogmanhomes.com/archive/2025/08) - [July 2025 (1)](https://blog.skogmanhomes.com/archive/2025/07) - [June 2025 (1)](https://blog.skogmanhomes.com/archive/2025/06) - [March 2025 (1)](https://blog.skogmanhomes.com/archive/2025/03) - [November 2023 (1)](https://blog.skogmanhomes.com/archive/2023/11) - [June 2023 (2)](https://blog.skogmanhomes.com/archive/2023/06) - [March 2023 (1)](https://blog.skogmanhomes.com/archive/2023/03) - [April 2022 (2)](https://blog.skogmanhomes.com/archive/2022/04) - [February 2022 (2)](https://blog.skogmanhomes.com/archive/2022/02) - [March 2021 (1)](https://blog.skogmanhomes.com/archive/2021/03) - [February 2020 (1)](https://blog.skogmanhomes.com/archive/2020/02) - [December 2019 (1)](https://blog.skogmanhomes.com/archive/2019/12) - [October 2019 (2)](https://blog.skogmanhomes.com/archive/2019/10) - [September 2019 (2)](https://blog.skogmanhomes.com/archive/2019/09) - [July 2019 (2)](https://blog.skogmanhomes.com/archive/2019/07) - [June 2019 (1)](https://blog.skogmanhomes.com/archive/2019/06) - [April 2019 (1)](https://blog.skogmanhomes.com/archive/2019/04) - [March 2019 (1)](https://blog.skogmanhomes.com/archive/2019/03) - [February 2019 (1)](https://blog.skogmanhomes.com/archive/2019/02) - [January 2019 (2)](https://blog.skogmanhomes.com/archive/2019/01) - [November 2018 (2)](https://blog.skogmanhomes.com/archive/2018/11) - [October 2018 (3)](https://blog.skogmanhomes.com/archive/2018/10) - [September 2018 (1)](https://blog.skogmanhomes.com/archive/2018/09) - [August 2018 (2)](https://blog.skogmanhomes.com/archive/2018/08) - [July 2018 (1)](https://blog.skogmanhomes.com/archive/2018/07) - [June 2018 (2)](https://blog.skogmanhomes.com/archive/2018/06) - [May 2018 (3)](https://blog.skogmanhomes.com/archive/2018/05) - [April 2018 (2)](https://blog.skogmanhomes.com/archive/2018/04) - [March 2018 (2)](https://blog.skogmanhomes.com/archive/2018/03) - [February 2018 (1)](https://blog.skogmanhomes.com/archive/2018/02) - [January 2018 (2)](https://blog.skogmanhomes.com/archive/2018/01) - [December 2017 (1)](https://blog.skogmanhomes.com/archive/2017/12) - [November 2017 (3)](https://blog.skogmanhomes.com/archive/2017/11) - [October 2017 (2)](https://blog.skogmanhomes.com/archive/2017/10) - [September 2017 (3)](https://blog.skogmanhomes.com/archive/2017/09) - [August 2017 (4)](https://blog.skogmanhomes.com/archive/2017/08) - [July 2017 (2)](https://blog.skogmanhomes.com/archive/2017/07) - [June 2017 (2)](https://blog.skogmanhomes.com/archive/2017/06) ## Find Your Home - [Cedar Falls & Waterloo](https://www.skogmanhomes.com/find-your-home/iowa/cedar-falls-waterloo) - [Cedar Rapids Metro](https://www.skogmanhomes.com/find-your-home/iowa/cedar-rapids-metro) - [Independence](https://www.skogmanhomes.com/find-your-home/iowa/independence) ## Why Skogman - [Our Process](https://www.skogmanhomes.com/our-process) - [Built For You](https://www.skogmanhomes.com/built-for-you) - [Testimonials](https://www.skogmanhomes.com/testimonials) - [10 Year Warranty](https://www.skogmanhomes.com/ten-year-warranty) - [Vendors & Trade Partners](https://www.skogmanhomes.com/vendors-and-trade-partners) - [Home Trade Program](https://www.skogmanhomes.com/home-trade-program) - [Energy Advantage](https://www.skogmanhomes.com/energy-advantage) ## Who We Are - [Our History](https://www.skogmanhomes.com/our-history) - [Our Team](https://www.skogmanhomes.com/our-team) ## Homebuyers - [Financing](https://www.skogmanhomes.com/financing) - [Promotions](https://www.skogmanhomes.com/promotions) - [Refer a Friend](https://www.skogmanhomes.com/refer-a-friend) - [Homeowner Maintenance](https://www.skogmanhomes.com/homeowner-maintenance) - [Blog](https://blog.skogmanhomes.com/) - [Warranty Requests](https://www.skogmanhomes.com/warranty) ## Our Homes - [Our Plans](https://www.skogmanhomes.com/plans) - [Image Gallery](https://www.skogmanhomes.com/image-gallery) ## Contact - [Contact Us](https://www.skogmanhomes.com/contact-us) - [Land For Sale](https://www.skogmanhomes.com/land-for-sale) - [Realtors](https://www.skogmanhomes.com/realtors) ![photo-collage](https://blog.skogmanhomes.com/hs-fs/hubfs/photo-collage.jpg?width=90&height=90&name=photo-collage.jpg "photo-collage") ### Cedar Rapids Office 417 1st Avenue SE Cedar Rapids, IA 52401 [Call (319) 363-8285](tel:+13193638285) ![Justin Headshot-3](https://blog.skogmanhomes.com/hs-fs/hubfs/Justin%20Headshot-3.png?width=90&height=90&name=Justin%20Headshot-3.png "Justin Headshot-3") ### Cedar Falls Office 2928 Arbors Dr Cedar Falls, IA 50613 [Call (319) 277-7862](tel:+13192777862) ![angel-west-1](https://blog.skogmanhomes.com/hs-fs/hubfs/angel-west-1.png?width=90&height=90&name=angel-west-1.png "angel-west-1") ### Cedar Rapids Warranty Our homes have a 10-year guarantee. [Call (319) 727-8688](tel:+13197278688) ![skogman-logo](https://blog.skogmanhomes.com/hs-fs/hubfs/skogman-logo.png?width=200&name=skogman-logo.png "skogman-logo") [Buildertrend Login](https://buildertrend.net/) © Copyright 2026, Skogman Homes. All Rights Reserved. [Home Builder Website Design](https://bluetangerine.com/service/home-builder-websites) by [Blue Tangerine](https://bluetangerine.com) ![Home Warranty Logo](https://blog.skogmanhomes.com/hs-fs/hubfs/hsa-logo.png?width=81&name=hsa-logo.png "Home Warranty Logo") ![Realtor Logo](https://blog.skogmanhomes.com/hs-fs/hubfs/realtor-logo.png?width=36&name=realtor-logo.png "Realtor Logo") ![Equal Housing Opportunity Logo](https://blog.skogmanhomes.com/hs-fs/hubfs/equal-housing-opportunity-logo.png?width=37&name=equal-housing-opportunity-logo.png "Equal Housing Opportunity Logo") [Site Map](https://www.skogmanhomes.com/sitemap) | [Legal & Privacy Policy](https://www.skogmanhomes.com/legal) | [Accessibility](https://www.skogmanhomes.com/accessibility)