Centex offers 3.5% rate on new homes

    Centex Homes, one of the country's largest developers, is offering below market interest rates in an attempt to push their inventory of properties.  Among the company's large group of homes is Barefoot Resort in Myrtle Beach, home to four excellent golf courses by Pete Dye, Tom Fazio, Davis Love and Greg Norman.  Centex homes at Barefoot range in price from the mid $100s to the $400s.
    The Centex offer includes the first two years at a 3.5% annual percentage rate and 4.5% on the remaining years of the 30-year fixed FHA mortgage loans.  A down payment of just 3.5% is required, and you must contract to purchase the home by January 15, 2009.
    More information on the rate event is available at the Centex web site.

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