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Lennar Offers 3.625% Mortgage Rates for Life!

Posted on | March 31, 2009 | 2 Comments


lennar-low-ratesNot long after Toll Brothers announced a deal for 3.99% mortgage rates, Lennar follows by offering 3.625% for life!  This is the lowest rate that the home builder has ever offered.  The nation’s largest home builder is offering the special on “select homes” in which the closing will occur on or before April 30th.  Loan amounts cannot exceed $417,000 and the minimum credit score to qualify is 700.

This seems to be the beginning of the home builder war for the lowest rates.  All home builders are struggling greatly in the current economy due to the subprime mortgage crisis and the increasing unemployment rate, among other factors.  The special offer expires on April 30th, but if the housing market continues to show an increase in monthly new housing supply, we are likely to see many more deals.

If you are interested in buying in the near future, this is an offer you cannot pass up.  Do not go above and beyond your means just to get this rate, but if you fit the minimum requirements and there are Lennar homes in your market that are desirable, it makes it very appealing to at least consider a Lennar home.  Please be aware of the fact that many more deals like this will follow as the unemployment rate may reach levels that we have not seen in modern history.

Make sure to vote on how you feel about Obama on the Dollar at www.obamaonthedollar.com.  Can you believe people are actually pushing this already?

Category: Mortgage Rates and the Stock Market

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2 Responses to “Lennar Offers 3.625% Mortgage Rates for Life!”

  1. » Subprime Blogger / Lennar Offers 3.625% Mortgage Rates for Life! » Subprime Mortgage Refinance
    March 31st, 2009 @ 8:55 am

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  2. Mortgage online » Blog Archive » Subprime Blogger / Lennar Offers 3.625% Mortgage Rates for Life!
    March 31st, 2009 @ 11:15 am

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