According 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.
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MMG's Bodnar: We've Been Watching This Movie All Year Bill Bodnar of the Mortgage Market Guide breaks down the jobs report, why and how it came in above expectations, and what that means just days ahead of the Fed meeting.
Estimated reading time: 0 minutes, 16 seconds
Mortgage Buydowns Climb as Builders Hunt Buyers
Homebuilders have ramped up their incentive offerings to combat weakened demand for new homes. So reports Builder.
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