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Mortgage Buydowns Climb as Builders Hunt Buyers

Tuesday, Nov 22 2022
Lending
Written by  The Mortgage Leader

Homebuilders have ramped up their incentive offerings to combat weakened demand for new homes. So reports Builder.

house 2368389 1920 960x640According to the National Association of Home Builders, 27% of builders offered mortgage rate buydowns in November, up from 19% in September.

Also in November, 25% of builders reported paying points for buyers, versus 13% in September.

Read the full article from Builder.

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