It can also be cheaper for the seller to pay for discount points or a temporary rate buydown than to reduce the home price. While rate buydowns can be a thrifty way to close the deal, they do come ...

Mortgage points, also called discount points, are prepaid interest you pay at closing in exchange for a lower interest rate ...

If you hope to buy points yourself, though, you'll need to do some math. How much it costs depends on how much you want to lower your rate. Remember that a discount point typically costs 1% of the ...

Each point costs 1% of the purchase price of a home and usually knocks the rate down by 0.25%. On a $400,000 home, you'd pay $4,000 for one discount point. The lender may even allow you to buy ...

The 30-year fixed mortgages in this week’s survey had an average total of 0.35 discount and origination points. Discount points are a way to lower your mortgage rate, while origination points ...

They may charge a flat origination fee or a fee based on a percentage of the total loan. A discount point is a voluntary fee that borrowers can pay to reduce the interest rate on the loan.