California’s Pacific Point Communities, for one, is marketing a four-bedroom home with a rate “as low as 2.75%.”
Jason Will, senior vice president of market growth at Embrace Home Loans, told the site that home builders’ financial model has more built-in margin. This, he says, allows builders to eat the difference from the standard mortgage rate—lately above 6% for a 30-year fixed-rate mortgage—to get empty homes out of their inventories.