I visited a condo this weekend, and the seller's agent mentioned that the seller had (I think) bought points for the buyer of another unit. Taking 3% off the interest in Y1, 2% in Y2, and 1% in Y3. I am not sure if that was with a preferred lender or anything like that.

Is this offer out there a lot now? Curious if this is a one-off by this developer, or if there is any other financing trends to help with rising rates.

The 2-1 buy down is starting to pick up steam. The $ for the buydown has to come from the seller or the lender so the 3-2-1 may be with a preferred lender

Where are you thinking of buying? You could earn a buyer's rebate by being a Red Pear Realty client. Our clients have used our rebates to buy down their rates, pay for some of their closing costs, or lower the purchase price. Send me a DM if you have any questions. My contact information is also on my profile page.

Remember when volume builders were paying 10 or 11 points to buy down the rates in the 80's.

Good times