As mortgage rates approached 8%, there was speculation within the industry as to whether homebuilders would be able to buy down rates in order to stimulate sales. However, recent analysis has shown that this strategy may not be feasible given the current economic climate.
Key points:
– Mortgage rates were reaching 8%
– Speculation on whether homebuilders could buy down rates
– Recent analysis suggests that this may not be a viable strategy
– Economic conditions are a factor in this decision
Overall, the recent analysis indicates that the ability of homebuilders to buy down rates to boost sales may be limited due to various economic factors. This insight suggests that alternative strategies may be necessary in order to navigate the challenges presented by the current market conditions.
You can read this full article at: https://www.housingwire.com/articles/homebuilders-are-still-buying-down-rates-to-move-houses/(subscription required)
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