{"id":63088,"date":"2026-05-21T03:00:18","date_gmt":"2026-05-21T01:00:18","guid":{"rendered":"https:\/\/housesmarketplace.com\/land-leases-arm-buydowns-emerge-as-lending-options-while-mortgage-rates-stay-elevated\/"},"modified":"2026-05-21T03:00:18","modified_gmt":"2026-05-21T01:00:18","slug":"land-leases-arm-buydowns-emerge-as-lending-options-while-mortgage-rates-stay-elevated","status":"publish","type":"post","link":"https:\/\/housesmarketplace.com\/ru\/land-leases-arm-buydowns-emerge-as-lending-options-while-mortgage-rates-stay-elevated\/","title":{"rendered":"Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated"},"content":{"rendered":"
\n

Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market.<\/p>\n

Bayview Asset Management<\/strong> - \u043a\u043e\u0442\u043e\u0440\u044b\u0439 closed its acquisition<\/a> \u0438\u0437 \u0413\u0438\u043b\u044c\u0434\u0435\u0439\u0441\u043a\u0430\u044f \u0438\u043f\u043e\u0442\u0435\u043a\u0430<\/strong> in November \u2014 rolled out a new program on Monday. Partnering with real estate startup Estately<\/strong>, the firm is combining a traditional mortgage with a land lease.<\/p>\n

\u201cWe do a first mortgage that\u2019s \u0424\u0430\u043d\u043d\u0438 \u041c\u044d\u0439<\/a><\/strong>-eligible, a first mortgage loan on just the house, and then Estately is going to buy the land underneath that house and do it on a 50-year leaseback to the consumer at 5%,\u201d Michael Lau, managing director at Bayview, announced on stage Tuesday during a session on lender perspectives at the \u0410\u0441\u0441\u043e\u0446\u0438\u0430\u0446\u0438\u044f \u0438\u043f\u043e\u0442\u0435\u0447\u043d\u044b\u0445 \u0431\u0430\u043d\u043a\u0438\u0440\u043e\u0432<\/a><\/strong> (MBA)\u2019s Secondary and Capital Markets Conference in New York.<\/p>\n

The product, Lau explained, cuts monthly mortgage payments<\/a> by roughly $300 in high-cost areas. The initial rollout is targeting \u041a\u043e\u043b\u043e\u0440\u0430\u0434\u043e<\/a>, where land accounts for up to 35% of a property\u2019s total loan amount. Estately also notes on its website that the program significantly reduces upfront costs for homebuyers.<\/p>\n

If a borrower defaults, Lau explained that the land and the home will be repackaged together and returned to \u0424\u0430\u043d\u043d\u0438 \u041c\u044d\u0439<\/strong>.<\/p>\n

Michael P. Patterson, chief operating officer at \u0421\u0432\u043e\u0431\u043e\u0434\u0430 \u0418\u043f\u043e\u0442\u0435\u043a\u0430<\/strong>, said in the same session that prolonged periods of high rates naturally breed industry innovation. Lately, he has observed a notable uptick in buydowns<\/a> paired with adjustable-rate mortgages (ARMs<\/a>).<\/p>\n

\u201cWe are looking at the products that are there and probably starting to be creative with the options, putting the options together,\u201d Patterson said. \u201cWe just, as an industry, got to make sure we don\u2019t go too far in that creativeness that we try to offset an affordability issue and create a delinquency<\/a> issue later.\u201d<\/p>\n

Where are rates heading?<\/h2>\n

The executives\u2019 comments come as \u0441\u0442\u0430\u0432\u043a\u0438 \u043f\u043e \u0438\u043f\u043e\u0442\u0435\u0447\u043d\u044b\u043c \u043a\u0440\u0435\u0434\u0438\u0442\u0430\u043c<\/a> inch closer to the 7% threshold, driven by inflation fears tied to the ongoing Iran conflict.<\/p>\n

Even if hostilities were to cease immediately, executives estimate the economic ripple effects will linger for six to 12 months, hindered by supply-chain inertia, depleted strategic petroleum reserves, and the pass-through of surging diesel and energy costs.<\/p>\n

\u201cWe\u2019re going to feel the effects for a long time,\u201d Patterson said.<\/p>\n

Overall, the mood among mortgage executives about rates remains cautiously pessimistic. The base-case forecast anticipates rates hovering in the 6.3% to 6.5% range for the remainder of the year, with a maximum of one Federal<\/strong> Reserve<\/strong><\/a> rate cut potentially dropping them near 6.1%.<\/p>\n

Conversely, an upside scenario could push rates to 7% or beyond if triggered by one or two more geopolitical shocks. The consensus is that there are few catalysts on the horizon to drive rates meaningfully lower.<\/p>\n

<\/strong>\u0414\u0436\u0438\u043d\u0430 \u041a\u0443\u0440\u0440\u043e, \u0443\u043f\u0440\u0430\u0432\u043b\u044f\u044e\u0449\u0438\u0439 \u0434\u0438\u0440\u0435\u043a\u0442\u043e\u0440 \u0438 \u0440\u0443\u043a\u043e\u0432\u043e\u0434\u0438\u0442\u0435\u043b\u044c \u0438\u0441\u0441\u043b\u0435\u0434\u043e\u0432\u0430\u0442\u0435\u043b\u044c\u0441\u043a\u043e\u0433\u043e \u0430\u0433\u0435\u043d\u0442\u0441\u0442\u0432\u0430 MBS \u0432 \u0411\u0430\u043d\u043a \u0410\u043c\u0435\u0440\u0438\u043a\u0438<\/strong>, weighed in on the macroeconomic outlook during a market trends session. Curro said mortgage rates are currently running hotter than expected, but the bank still projects rates settling near the 6% mark by year\u2019s end.<\/p>\n

\u201cWe headed into this year thinking affordability is the most important topic for the midterm elections; you\u2019re going to see some effort to push mortgage rates lower. We got a bit of that in January with the MBS purchase<\/a> announcement,\u201d Curro said. <\/p>\n

\u201cThe events in the Middle East<\/a> have really been a challenge, they\u2019ve really injected a lot of volatility into the market, pushing rates higher. \u2026 But this administration moves really fast when it moves.\u00bb<\/p>\n

<\/strong>John Sim, managing director at JPMorgan<\/strong> \u0413\u043d\u0430\u0442\u044c\u0441\u044f<\/strong>, added that the bank\u2019s rate forecast has shifted to 6.25%, up from sub-6% projections at the start of the year. Still, he cautioned that these figures can \u201cchange very rapidly.\u201d\u00a0<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"

Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market. Bayview Asset Management \u2014 which closed its acquisition of Guild Mortgage in November \u2014 rolled out a new program on Monday. Partnering with real estate […]<\/p>","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-63088","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"yoast_head":"\nLand leases, ARM buydowns emerge as lending options while mortgage rates stay elevated - Houses Marketplace<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/housesmarketplace.com\/ru\/land-leases-arm-buydowns-emerge-as-lending-options-while-mortgage-rates-stay-elevated\/\" \/>\n<meta property=\"og:locale\" content=\"ru_RU\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Land leases, ARM buydowns emerge as lending options while mortgage rates stay elevated\" \/>\n<meta property=\"og:description\" content=\"Mortgage lenders are getting creative to combat the housing affordability crisis fueled by rising interest rates, rolling out novel products and blending existing options to keep borrowers in the market. 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