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Two of the country's biggest homebuilders have said they aren't planning on pulling back on their practice of offering mortgage rate buydowns, where builders cover a portion of the interest rate a buyer pays on a loan.
D.R. Horton said on its call with analysts it would be cautious in making changes to its concession strategy — which consists of mortgage rate buydowns that hurt margins but make homes more affordable for buyers — should mortgage rates stall in marching lower.
/PRNewswire/ -- As inflation continues to strain wallets and the cost of rent increases, CrossCountry Mortgage (CCM) is offering unique financing solutions to...