As mortgage rates move higher, you might be looking for ways to make a home purchase cost less. In addition to finding an affordable property, negotiating prices and shopping for the best mortgage ...

When buying a home today, you might have to solve a puzzle about the mortgage rate you'll pay. Which would you do? Get the lowest monthly payment now by paying discount points to reduce the interest ...

Paying discount points may give you some relief from high mortgage rates. Here's how to decide whether buying them is right for you. Some or all of the mortgage lenders featured on our site are ...

If you’re buying a home in a high interest rate environment, there’s a handy little hack that can enable you to reduce your rate over time, known as “discount points” or “buying down the rate.” This ...

If you're in the market for a new home or thinking about refinancing your mortgage, chances are you've heard of mortgage points. These points, commonly referred to as discount points, are a form of ...

Higher mortgage rates in 2023 led to an increase in borrowers paying discount points, but the benefits may be limited, says Freddie Mac study. Facing higher borrowing costs, borrowers paid more ...

The expenses can add up quickly when you find your dream home or are ready to buy your first home. Anything you can do to reduce costs can lead to long-term savings. Buying a house is one of the ...

Mortgage points are used to offset the costs of mortgage and you can use them in two different ways. Origination points are mortgage points used to pay the lender for the creation of the loan itself, ...

Mortgage points are upfront fees you can pay your mortgage lender in exchange for a lower interest rate. Typically, one point costs 1 percent of the amount you borrow and reduces your interest rate by ...

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Dashia is the consumer insights editor for CNET. She specializes in data-driven analysis and news at the intersection of tech, personal finance and consumer sentiment. Dashia investigates economic ...

The share of mortgage borrowers paying discount points doubled from 2021 through 2023, with the increase larger among consumers with lower credit scores, a Consumer Financial Protection Bureau study ...