3-2-1 buy down

concept
1 mentions 1 recordings first heard Dec 2022 last heard Dec 2022 ±0 vs the 12 months before

Buy‑down structure reducing rates 3‑2‑1 over three years

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Nicole FriedmanWSJ Your Money Briefing · Some Homebuyers Turning to Buydowns for Lower Mortgage Rates · 3:06 · Dec 2022
…But we're seeing more use these days of what's called a 3-2-1 buy down, where for the first year of the mortgage, the buyer's payment is lowered so that if an interest rate is lowered by three percentage points, so if the normal interest rate is 7% in that first year, they would pay…
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