ilmscore | Prediction Details
"the way a mortgage buy down works is it's generally a new construction home where a home seller the developer here will say sure you want to buy a half a million dollar home great we will sell you this half a million dollar home and in addition to that what we will do to incentivize you to buy our home is we will pay to buy down your mortgage"
By Minority Mindset | May 4, 2024 | Pending
From video
The REAL Reason Mortgage Rates Are Rising 00:02:44 - 00:03:02
Interpreted Prediction
Home builders are offering mortgage buy-downs as an incentive for new construction home purchases, where they cover a portion of the buyer's mortgage interest.

Prediction Details

Topic
Mortgage Buy Downs

Comments

0 comments

Be the first to share your thoughts.

Like this prediction?

Join to make your opinion count.