"Unlocking the Secrets to Low Mortgage Rates: Tips for Homebuyers in 2024"

Homebuyers may have a chance to secure a lower mortgage rate by purchasing a new-construction home, according to Tawn Kelley, the president of financial services at homebuilder Taylor Morrison. Kelley advises buyers to consider taking out a mortgage with the builder and negotiate for every available incentive, such as rate buydowns and mortgage rate locks. While some incentives may increase over the course of the loan, Kelley warns buyers to budget for potential rate increases to avoid financial difficulties.