Builders Take the Rates Even Lower

March 31, 2009 by admin  
Filed under Mortgages

Some  home builders are offering lower mortgage interest interest rates than the prevailing rate. While the averaxe fixed rate is somewhere just below 5%. These new home builders have “lowered” the bar even more.

  • Lennar Corp. is offering a fixed 3.625% rate over the life of a 30-year fixed rate mortgage.
  • Honanian  recent offer is 3.99%
  • Toll Brothers offered a 3.99% interest rate in many of its luxury developments earlier this year. But has since pulled the offer.

From WSJ

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