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Some home builders are offering mortgage rates as low as 3%. Here's why they're doing it.

Por: MarketWatch Business January 22, 2023

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“There is considerable pent-up demand for people to get into homeownership,” Jason Will, senior vice president of market growth at Embrace Home Loans, told MarketWatch. The lender is based in Newport, R.I., and generated over $6.5 billion in mortgages in 2022 for 20,000 homeowners. Some builders are upping the ante by offering very low interest rates for buyers. In California, Pacific Point Communities is offering a 4-bedroom home at a... + full article



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