Sold by Skip: Developers offer lower interest rates

Sold by Skip: Developers offering lower interest rates

Our local realty expert shares about how some developers are curtailing high interest rates with lower rates for people who buy from them.

ALBUQUERQUE, N.M. — Interest rates seem to be a barrier for many people looking to buy their first home or a new home but developers may offer a way around that.

Developers are building new homes and offering lower interest rates. How much lower can those rates go? What are the pros and cons? What is the state of our market?

Skip Adams, of Sold by Skip, answers those questions in the video above.