A construction worker eyeing the wooden skeleton of a new-construction house wearing a hard hat and tool belt while holding plans.
Homebuyers may have better luck getting a low mortgage interest rate if they buy a new-construction house.
  • A top homebuilder executive shared advice for getting a lower mortgage rate right now.
  • Taylor Morrison's Tawn Kelley suggested borrowing directly from a builder's mortgage arm.
  • Kelley also warned buyers to budget for rate increases over the course of the loan.

High mortgage rates have deterred many would-be homebuyers from purchasing a property over the last year.