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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 ...
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 ...
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 ...
LOS ANGELES (AP) — Americans looking to buy a newly built home this spring are likely to get a helping hand with their mortgage rate and other costs. Many homebuilders are offering buyers valuable incentives like paying down their mortgage rate, covering closing costs or even throwing in “flex dollars” that home shoppers can put toward ...
As mortgage rates launched to 23-year highs in 2023, more homebuyers paid extra discount points to buy down their mortgage rate. ... If his client wanted to buy the rate down to 6.75%, it would ...
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...
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