Whom would you opt for, Builders lender or traditional lender for new construction?

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Unless they are a consultant

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Additional Posts in Interest Rates

What will interest rates be come December?

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Based on the current environment, if interest rates rise to what percentage, will you forgo buying a house for now?

Who is offering HELOC on second home with occasional Abnb rentals done.

Some.banks immediately turn this into an investment property and deny that.

Don't want to cash out refinance as underlying mortgage is <3% and fees plus new cost to carry are not worth it.

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For anyone that has used Lennar’s in house lender, Lennar mortgage, how do their rates compare against competitors?

As the interest rates continue to rattle the market, how have they affected your personal situation?

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If you were playing in buying a home, are you still going through with it or no longer in the market?

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Purchase a new build recently? How long is the estimated construction timeline?

What interest rate have you been quoted as of late?

Under current circumstances, fixed rate or adjustable mortgage rate?

A recession is already here. Inflation is still high, although hope hopefully peaking. Realistically I don’t see the fed dropping rates until 2024-2025. What will it take for the fed to reverse course and decrease rates?

How many quotes have you gotten for interest rates and overall costs?

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Is 560K for a 3 bedroom low ranch in Ronkonkoma, long island a good deal right now?

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What interest rates have you been quoted lately?

If both are priced relatively similar, which would you choose: new construction or existing home?

Mortgage rates jumped in the last couple of weeks to 6.28% because of inflation data, as well as the fed increasing rates by 75bps. If the fed sticks to their plans (Jul rate inc if 50bps/75bps; followed by 3 inc of 50 bps), will rates continue to range between 5.75-7%?

After todays announcement of a fed rate hike of 75 bps, Mortgage rates over the next couple of months will likely remain within 0.25% to 0.50% of todays range. Unless the fed throws a curve ball in their remaining meetings, the remainder of rate hikes have already been baked into mortgage rates currently being offered.

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