Want a lower mortgage rate?

For some, getting into a home the size they need (and at the payment they can afford), means they have to have a lower mortgage rate. Is there a way to do this? …YES!

I just got a sweet family I’ve been working with for around 2 years under contract for 4.625%! Dreams of building on family land were hard to let go of, but they are blessed to have a family of six and truly needed the extra room, so last fall we started on the trek to purchase a new construction home in the school district they love. We found a local builder that was offering a 4.99% interest rate AND $15,000 closing cost incentive. Their overage allowed them to buy down the rate even lower.

So how does this happen?

The builder is able to “buy down the rate” and the good news is, so can you! This means you pay a “fee” to the lender - this doesn’t go towards the purchase price and the price per point varies at ay given moment in time. Generally speaking, you may be looking at around $5,000 per half point.

Today’s regular market 30-Yr Fixed mortgage rates are still at 6.81%. (2)

If getting a lower interest rate is important to you, let’s chat -

give me a call or shoot me a text and let’s start your search today!

Source: CNBC, 30-Year Fixed Mortgage Rate, MND.News. https://www.cnbc.com/quotes/US30YFRM

Felicia Page, Published May 1, 2025