The American Enterprise Institute estimates 64% of homes sold by the largest homebuilders provide permanent mortgage rate buydowns, which often don't count as seller concessions
Sales of new single-family homes hit a seasonally adjusted annual rate of 676K in February — an uptick of 5.1% — and roughly met economists' expectations, according to data released Tuesday
Lender creates and funds an escrow account that's used to cover the difference between the full monthly mortgage payment and the payment with the reduced rate until the buydown expires
Interest rate buydowns involve a trade-off between upfront costs and long-term affordability. Clever CEO Luke Babich offers strategies to help clients make the choice
The lender's new RateReduce Sell program allows sellers to pay points to lock in a discounted mortgage rate that their real estate agent can cite in co-branded marketing materials
Opinion
This week, Byron Lazine and Nicole White are talking about buying down mortgages, investing in your real estate business and keeping up with current events
Interest-free home equity advances to Knock Home Swap clients can be used to buy down mortgage rate or make a bigger down payment