Why New Construction Homes Can Offer Lower Mortgage Rates (What Builders Don’t Always Explain) [PMto23TEz8c]
How are builders advertising mortgage rates in the 4s or 5s when today’s market rates are so much higher? If you’ve ever driven past a new construction neighborhood and wondered the same thing, you’re not alone. The answer isn’t that builders have access to some secret mortgage program. In many cases, they’re using builder-paid incentives to help buy your interest rate down but that doesn’t automatically mean it’s the best deal. In this week’s Friday Home Slice, I explain: ✔️ How builder rate buydowns work ✔️ Why a lower advertised interest rate isn’t always the best value ✔️ What you should compare before deciding between new construction and an existing home If you’re thinking about buying in Minnesota or western Wisconsin, I’d be happy to help you compare the numbers before you step foot in a model home. 🎥 Watch this week’s Friday Home Slice! #FridayHomeSlice #NewConstruction #BuilderRateBuydown #MortgageRates #HomeBuyingTips #MinnesotaRealEstate #WisconsinRealEstate #ForestLakeMN #ChisagoCityMN #NorthBranchMN #LindstromMN #StacyMN #HomeBuyerEducation #EdinaRealty #AmyMalec #RealEstateTips