How the housing market is turning red and what it means for potential homebuyers

Did you miss the boat on 3% interest rates. Well, you can still find that cheap rate in some parts of the country, like in Texas, where this home builder is offering under 2% the first year, under 3% the second year, less than 4% in year three, and less than five for the rest of the mortgage. It's the latest play by some home builders to attract buyers with such deals in a slow market.In fact, 65% of them offered some sort of incentive last month, according to the National Association of Homebuilders. The h ...