Unlocking Affordability: A Guide to Mortgage Interest Rate Buydowns
As the real estate market continues to evolve, homebuyers face the perennial challenge of affordability. Rising home prices and interest rates can make homeownership seem out of reach. However, there’s a lesser-known strategy that savvy buyers can employ to ease the financial burden: mortgage interest rate buydowns.
In this article, we’ll explore what interest rate buydowns are, how they work, and how homebuyers can leverage them in the current market.