Latest / Durham News Today | 2 Min News | The Daily News Now!
Sellers Are Paying Rates Down | Durham News
Mortgage rates are climbing again, hitting 6.58% for the 30-year fixed — but sellers are stepping in with powerful new incentives to help buyers afford homes. Instead of lowering prices, sellers are funding rate buydowns, covering upfront costs to slash monthly payments as low as 5.5%, plus perks like waived property management fees or guaranteed rent. This trend, seen in nearly half of recent sales, is especially common with builders needing to move inventory fast. While rates keep rising, buyers are finding relief through seller concessions — turning the game into a negotiation over…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.