09/24/2026
🏡 INTEREST RATES WENT UP…
BUT DON’T PANIC!
‼️A higher rate doesn’t automatically mean you need to put your home search on hold.
🎉Buyers still have options — and one of them is a mortgage rate buydown.
So, what’s a rate buydown? 👇🏻
A buydown uses money paid upfront to reduce the interest rate on your mortgage, which can help lower your monthly payment.
There are a few ways this can work:
✨ Permanent Rate Buydown
Discount points are paid at closing to secure a lower interest rate for the life of the loan.
✨ 2-1 Temporary Buydown
Your rate is typically reduced by 2 percentage points during year one and 1 percentage point during year two before returning to the full note rate in year three.
✨ Seller-Paid Buydown
Depending on the loan and transaction, we may be able to negotiate for the seller to contribute toward the cost of a buydown or other allowable closing costs.
The takeaway?
Don’t look at the headline rate and automatically assume buying no longer makes sense.
The right purchase price, seller concessions, loan structure and financing strategy can make a BIG difference.
Before you decide to wait, let’s look at the numbers and see what options are available to you.
Your South Florida Realtor
đź’ŽDana Carlo
đź“ž203-232-5390
📧[email protected]
MarderGroup.com
Buydown availability, costs and qualification requirements vary by lender and loan program. Consult with your mortgage professional for specific terms.
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