The cost of homebuilder rate buy-down incentives

(Disclosure: Rose Law Group represents Lennar and Mattamy Homes.)

By Angela Gonzales | Phoenix Business Journal

When mortgage interest rates began their ascent a couple of years ago, many potential homebuyers were forced to the sidelines.

Homebuilders jumped to the rescue, offering to help buy down mortgage rates — an incentive that has wound up costing millions of dollars.

Read the full subscription story from the Phoenix Business Journal.

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