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  2. Lennar calls affordability 'stretched' as cracks in US ... - AOL

    www.aol.com/finance/lennar-calls-affordability...

    High rates have prompted builders to offer a variety of incentives from mortgage rate buydowns to price reductions. Lennar cut its average sales price to $413,000 during the quarter, an 8% drop ...

  3. Lennar reports Q4 results below estimates on increased cost ...

    www.aol.com/lennar-reports-q4-results-below...

    The U.S. housing market has struggled to rebound after being knocked down by a resurgence in mortgage rates in the spring. The 30-year fixed mortgage rate tracks the benchmark 10-year Treasury ...

  4. Housing market affordability is so strained that this Fortune ...

    www.aol.com/finance/housing-market-affordability...

    Look no further than Lennar, a homebuilder ranked No. 119 on the Fortune 500, which is presently promoting a "fixed [mortgage] rate of 4.25%" in Colorado for buyers who "sign a purchase agreement ...

  5. Discount points - Wikipedia

    en.wikipedia.org/wiki/Discount_Points

    Discount points are always used to buy down the interest rates, while origination fees sometimes are fees the lender charges for the loan or sometimes just another name for buying down the interest rate. Origination fee and discount points are both items listed under lender-charges on the HUD-1 Settlement Statement.

  6. How much does a 1% change in mortgage rates actually ... - AOL

    www.aol.com/finance/how-much-does-1-percent...

    Finally, there's good news for homebuyers and for homeowners who want to refinance their mortgages: The 30-year fixed mortgage rate now averages 6.73%, dropping significantly from its 20-year peak ...

  7. How Much Does It Cost To Buy Down Your Interest Rate? - AOL

    www.aol.com/much-does-cost-buy-down-190009381.html

    A high mortgage interest rate can make it difficult to afford your monthly payments despite being fully qualified for your loan. If you choose to buy down your interest rate, this can can ease the...

  8. 3 percent down mortgages: A guide to your options - AOL

    www.aol.com/finance/3-percent-down-mortgages...

    With mortgage interest rates more than double their 2021 levels, purchasing a home is a pricey proposition nowadays — and saving for a down payment is no walk in the park either. But the good ...

  9. Down payment assistance: How it works and how to get it - AOL

    www.aol.com/finance/mortgage-down-payment...

    In California and Washington, D.C., for example, some buyers might qualify for up to six figures for their down payment. Grants often come in much smaller amounts, such as $5,000.

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