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January 31, 2023
What Is a 2-1 Rate Buy Down on a Purchase Transaction?

Mortgage loan officers are always ready to help potential buyers. One way home buyers can get help is with a 2-1 rate buy down. Here’s how it works. Research shows that average mortgage rates nearly doubled in 2022. While the average 30-year mortgage rate was under 4% at the beginning of the year, it had […]

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