Housing market affordability is so strained that this Fortune 500 homebuilder is offering a fixed 4.25% mortgage rate in some communities

As mortgage rates began to spike last year, homebuilders across much of the country began to reduce their profit margins—which had grown to record levels during the boom—to do things that would entice buyers back into the market. For some builders, that meant offering aggressive rate buydowns,…#lennar #colorado #kbhome #jeffmezger #fortune #denver

Source: Reuters: Health - September 20, 2023 Category: Consumer Health News Source Type: news