Builders Take the Rates Even Lower
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.
