The Owl Report | November 19th, 2023

Company

The Owl Report | November 19th, 2023


By Milo

November 19, 2023 4 min read

Rate Buydowns - A lifeline for home builders and buyers?

11.19.2023

In a housing market facing declining builder confidence, major new construction companies like Lennar are finding innovative ways to keep business going. Despite the recent dip in the National Association of Home Builders/Wells Fargo Housing Market Index, these companies are successfully leveraging mortgage rate buydowns to maintain momentum.

Rate buydowns, where builders temporarily reduce mortgage rates for buyers, are proving effective for both attracting buyers and maintaining sales. For example, our partnership with Lennar offers enticing rates, like a fixed 5.25% mortgage* in South Florida, demonstrates resilience in a challenging market.

It's important for buyers to remember that these buydowns are short-term solutions. As the market evolves, considering long-term financial planning and consulting with experts is crucial for informed decision-making.

In these times, innovative strategies like rate buydowns by major builders are key to navigating the housing market.

-Josip Rupena, Milo CEO

*Requires 40% downpayment. Terms apply. Only applicable to new Lennar home purchases. Contact Sales at colin@milo to learn more. Offer valid through 11/30/2023. 

Quick News & Insights

  Mortgage rates trend down for the third straight week, HousingWire

  Down payments on homes are getting bigger. But there are ways to put down as little as 1%, MarketWatch

  Homebuilder sentiment unexpectedly plummets to lowest level this year, Fox News

Drak Blue Professional Corporate Email Header (600 x 400 px) (300 x 200 px) (4).png

The opinions expressed in the Blog are for general informational purposes only and are not intended to provide specific advice or recommendations for any individual or on any specific security or investment product.


You might also like...

Foreign Nationals

Best places to invest in real estate in the US: South


By Milo

December 8, 2023 10 min read

Company

A guide to mortgages for foreigners in the USA: Choosing the right loan program


By Milo

December 4, 2023 5 min read

Bridge Mortgage

The potential advantages of bridge loans for foreign investors


By Milo

November 27, 2023 7 min read

1-888-433-6456 (MILO)

545 NW 26th Street, Suite 200
Miami, FL 33127

FacebookTwitterInstagramLinkedInDiscord

Copyright 2023. All rights reserved.

Brokers
License

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Milo Credit, LLC is a direct lender and licensed under NMLS #1811449.
Loans made or arranged pursuant to a California Finance Lenders Law License 60DBO-128284. Not available in all states. Equal Housing Lender. NMLS Consumer Access

EQUAL CREDIT OPPORTUNITY ACT NOTICE: The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, or age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has, in good faith, exercised any right under the Consumer Credit Protection Act. The Federal Agency that administers Milo Credit’s compliance with this law is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.