Everything is on the table: from pitching adjustable rate mortgages to offering free pilates lessons and more. For example, in a 2-1 buydown scenario, the buyer's interest rate will be 2% below the contract rate during the first year. The adjustable rate mortgage makes a comebackThe use of adjustable rate mortgages (ARM) has also soared to a 14-year high, according to the Mortgage Bankers Association. With these types of loans, the interest rate shifts periodically depending on where benchmark mortgage rates stand. He said he expects to see mortgage rates fall in as soon as six months.

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