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The 30-year mortgage rate has surpassed 7%, but some buyers are only paying 6%. Here's how they do it.

Por: MarketWatch Business August 29, 2023

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In fact, some buyers of newly built homes are getting mortgages that have a rate of less than 6%, John Burns, CEO of John Burns Real Estate Consulting, That’s because “most large home builders are allocating 4%-6% of the home-sale proceeds toward buying down the mortgage rate, permanently, for their buyers,” Burns said. “‘Most large home builders are allocating 4%-6% of the home-sale proceeds toward buying down the mortgage rate,... + full article



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