# Toll's Rock-Bottom Mortgage Rate Could Ripple Across Sector **URL:** \ **Category:** Misc. Discussion\ **Created:** [January 22, 2009, 4:21pm UTC](https://forum.nachi.org/t/tolls-rock-bottom-mortgage-rate-could-ripple-across-sector/35569 "2009-01-22T16:21:37Z")\ **Posts on this page:** 2\ **Page:** 1
**Author:** ![jburkeson1](https://sea2.discourse-cdn.com/internachi/user_avatar/forum.nachi.org/jburkeson1/32/328752_2.png) [@jburkeson1](https://forum.nachi.org/u/jburkeson1)\ **Post date:** [January 22, 2009, 4:21pm UTC](https://forum.nachi.org/t/tolls-rock-bottom-mortgage-rate-could-ripple-across-sector/35569/1 "2009-01-22T16:21:37Z")
Maybe the money train is beginning to loosen up once again? **[Toll’s Rock-Bottom Mortgage Rate Could Ripple Across Sector](http://online.wsj.com/article/BT-CO-20090122-710720.html)** NEW YORK (Dow Jones)–Toll Brothers (TOL) just lowered the bar for the home building industry. Horsham, Penn.-based Toll this week started offering a 3.99% fixed mortgage rate for loans $417,000 or below for 30 years with no points, one of - if not the - industry’s lowest rates, one well below the national average of just below 5%. It’s too early to say if other builders will copy the attention-grabbing rate, but as the market worsens, competition is fierce and this move could launch a scramble to match … ---
**Author:** ![bwiley](https://avatars.discourse-cdn.com/v4/letter/b/8c91f0/32.png) [@bwiley](https://forum.nachi.org/u/bwiley)\ **Post date:** [January 22, 2009, 4:24pm UTC](https://forum.nachi.org/t/tolls-rock-bottom-mortgage-rate-could-ripple-across-sector/35569/2 "2009-01-22T16:24:16Z")
Looks like they bought down the available rate of 4.25% so they could sell houses. Hasn’t Toll Bros. been in trouble like most other builders? I used to inspect a bunch of their homes. I’ve had several clients in the last couple of months that have locked at 4.25% fixed for 30 years.