05/07/2026
As a mortgage broker, we get access to some of the absolute best products and “deals” for consumers, and that continues today with the announcement that one of our partners that we broker loans to is now offering FREE temporary rate buydowns for the first year for all clients that lock their rate in between now and June 30th.
So what does this mean for you as a real estate agent?
This should be used as a selling point to get buyers that are waiting for rates to drop off the fence! Why wait for rates that may or may not come tomorrow when you can get that better rate TODAY! And they get it for absolutely free!
For example, if today’s rate is 5.99%, they will get a rate of 4.99% in year one without needing to do anything extra! This applies to all loan types including FHA, VA and conventional!
Plus, this can be combined with seller concessions that buy the rate down permanently! As another example, why not buy the rate down to 5.5% permanently (using the seller’s money) and then get the free 1-year temporary to buy it down to 4.5% for the first year? It’s a true win-win for buyers that allows them to ease into their new payment! Then, if rates do drop, we can examine refinance options for them as well!
If you have listings that are sitting without activity, add to the listing description that buyers may qualify for a free 1-year temporary buydown with the purchase of the home and tell them to call YOU as the market expert to find out how!
Please let me know if there are any scenarios I can look at for you or your clients. I’d be happy to run through payments, benefits, etc. and do a full mortgage review!
