A home buying tactic from the '70s and '80s is seeing a revival—here’s how it works and what buyers and sellers get out of it

The revival of the temporary buydown is timely, as mortgage rates are at a two-decade high, with the Federal Reserve expected to raise the floor under  twice more this year. Fewer people are buying homes because rising rates make homeownership unaffordable. In some markets, negotiating power is even shifting from sellers to buyers. In these conditions — when interest rates are rising and home sellers must make an effort to lure buyers —... + full article