Anyone who thinks they can’t beat the latest spike in mortgage rates needs to read this helpful story.
It shows how lenders are offering hopeful buyers incentives to ease the sting of borrowing costs that rose Thursday for a fourth straight week, hitting the highest since November. New offers include free refinancing and buydowns, which temporarily reduce the rate of a home loan. Even sellers are getting in on the game, with some offering to pay for temporary interest-rate discounts.