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Stock impact report

Tri Pointe brings suburban buydowns amid mortgage rate uncertainty [Yahoo! Finance]

Tri Pointe Homes, Inc. (TPH) 
Last tri pointe homes, inc. earnings: 4/23 04:05 pm Check Earnings Report
US:NYSE Investor Relations: tripointegroup.com/investors/overview
Company Research Source: Yahoo! Finance
That's what Tri Pointe Homes is doing for three residential developments in Austin. The Nevada-based homebuilder's internal mortgage company is offering 30-year fixed-rate, 1-0 buydowns for some homes near Austin, with first year rates at 4 percent and 5.5 percent for the remainder of the term. Some of its homes in Dallas are offering buyers 3 percent the first year. After interest rates started climbing in 2022, builders began offering mortgage rate buydowns as a way to give buyers the opportunity to pay less upfront. Tri Pointe's offer is a conservative version of a few available formulas; builders also offer a 3-2-1 and 2-1 buydown. The firm started groundwork in July of last year on the 447-home Park Central community in Georgetown, Tri Pointe's first self-developed Austin project. Park Central will offer 191 single family homes and 256 townhomes with three to five bedrooms ranging from 1,800 to 3,000 square feet. Sales are expected to begin early next year. Tri Pointe is Show less Read more
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