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September 26th, 2009

Toll Brothers’ Nationwide Sale Begins Today



Beginning today, luxury home builder Toll Brothers will launch their “National Fall Sales Event” (no, it’s not a car dealership promotion) which offers discounts in 215 communities, according to the Wall Street Journal. The sales event will run until October 4 and has been expanded to include condominiums in New York City:

The deals range from half-off options, including custom tile and appliances, to mortgage-specials, including paid closing costs. The Illinois and Michigan divisions, for example, are offering a 2/1 mortgage-rate buy down for a 30-year fixed-rate loan. The first-year’s rate is 2.875%, followed by 3.875% for year two. It locks in at 4.875% for the loan’s remainder.

Despite their confidence that the housing market has bottomed, Toll Brothers says sales incentives like these are necessary to get buyers back into the market, but they’re getting smaller and won’t be around forever.

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HSH.com's daily blog focuses on the latest developments in the mortgage and housing markets. Our mission is to relate how changes in mortgage rates and housing policy, as well as the latest financial news, impacts consumers, homebuyers and industry insiders alike. Our 30-plus years of experience in the mortgage industry gives us an edge as we break down the latest changes in an ever-changing market.

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Tim Manni

Tim Manni is the Managing Editor of HSH.com and the author of their daily blog, which concentrates on the latest developments in the mortgage and housing markets.

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