Affordability relief or …?

A number of new construction listing (approximately 1 in 7) are advertising educed mortgage rates at an average of 3.92%. The current rate is 6.76% and expected to rise.

Clearly, new construction builders are trying to lower the monthly payment as they are also offering closing cost assistance, upgrades, flex cash, cash at closing, and even deals on included appliances.

Analysts say that builders would prefer to offer monthly payment deductions rather than cutting the list price.