Real Estate

Homebuilders Bet on 1% Mortgage Rates to Wake Up US Buyers

A new home under construction in Vacaville, California.

Photographer: David Paul Morris/Bloomberg

With the average mortgage rate near 6%, US homebuyers are looking at the most affordable monthly payments in a year. But San Antonio real estate agent Tavyn Weyman knows how to get them lower — much lower.

The trick is simple: buy new.