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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. Buying down mortgage rates wasn’t worth it in 2023, experts ...

    www.aol.com/finance/buying-down-mortgage-rates...

    If his client wanted to buy the rate down to 6.75%, it would cost $1,348 in discount points. The monthly savings would amount to $83 per month, yielding a 17-month payback time.

  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. Will Mortgage Rates Come Down Even Further After the ... - AOL

    www.aol.com/mortgage-rates-come-down-even...

    In fact, Fannie Mae expects average 30-year mortgage rates of 5.7% by the end of 2025, which could certainly make it more affordable to buy or refinance a home.

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