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Mortgage rate buydowns are on the rise as homebuyers cope with high interest rates

Written by Bailey Schulz | Jan 23, 2023 3:44:37 PM

Anna Raymond was ready to make the switch from renting to owning a home last spring. But after five failed offers, she and her husband decided to take a step back from house hunting.  

Then, in December, their real estate agent presented an offer too good to pass. A home in Longmont was up for sale, and the seller was willing to offer a 2-1 interest rate buydown.

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