@whatsamortgage_: **“How are builders advertising mortgage rates under 4% when the market’s nowhere near that? 👀 Let’s break it down. ✅ It’s only on FHA or VA loans (not conventional). ✅ The APR tells the truth—usually 1% higher because you’re paying points. ✅ Builders don’t cut home prices (hurts comps). Instead, they use equity to buy down your rate. Example: Conventional is around 6.625% today. To see 5.125%, you’re really paying upfront points—then the builder’s lender covers the rest with equity. If you’re not buying new construction, ask your lender about a banker rate lock. Want me to run the numbers for you? Shoot me a message. 📩 #MortgageTips #HomeBuying #SoCalRealEstate #MortgageRates”**

Minh Nguyen | Mortgage Broker

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Wednesday 03 September 2025 22:56:58 GMT