CMS Expands Affordability-Minded Offerings

CMS Expands Affordability-Minded Offerings

ByTMN Editor Reading Time: 2 minutes

Carrington Mortgage Services expanded its offerings to include 40-year loans and temporary buydowns as homebuyers prioritize affordability in today’s tough market. The lender said it aims to offer greater affordability to homebuyers, especially first-timers, buyers who are in the process of improving their credit, and those with non-traditional incomes.  “At Carrington, it’s our company’s mission…

Permanent Rate Buydowns Continue To Reign For Affordability-Minded Buyers

Permanent Rate Buydowns Continue To Reign For Affordability-Minded Buyers

ByTMN Editor Reading Time: 2 minutes

Rate buydowns continue to soar as borrowers look for ways to combat the affordability crisis, according to new data from Black Knight. In the third week of January, 57% of buyers paid at least a half-point on a permanent buydown, while 44% paid a full point, and almost 25% bought down two or more points….

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