When you apply for a mortgage, your lender will probably quote you an interest rate -- say, 4.5%. The problem with the interest rate is that is doesn't usually reflect the true cost of borrowing money ...

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 ...

In mortgage lending, one mortgage "point" equals 1% of the loan amount. Lenders may charge points to process, underwrite and fund your loan. In that case, the points are usually called an "origination ...

Fox Money is a personal finance hub featuring content generated by Credible Operations, Inc. (Credible), which is majority-owned indirectly by Fox Corporation. The Fox Money content is created and ...

Mortgage rates keep dropping to fresh all-time lows, but homebuyers can get even steeper markdowns by using what are called discount points. These are optional fees you can pay the lender to bump your ...

Image source: Images Money. Banks offer potential mortgage borrowers the opportunity to "buy points" on mortgage loans to lower the interest rate. Is it a smart move for first-time homebuyers? The ...

These mortgage fees increased 22 percent from 2021 to 2022. One likely factor is the greater use of discount points to nudge interest rates down. By Ann Carrns A pricey housing market and higher ...

Mortgage rates have been steadily decreasing throughout August and September, with 30-year fixed mortgage rates hovering at or below 6.5%. In what seems like a miraculous turn, many lenders are ...

Here’s an astounding data point: Nearly half (45 percent) of those surveyed in the Zillow poll believe they should always buy discount points when obtaining a mortgage. However, because mortgage ...

Here's an astounding data point: Nearly half (45 percent) of those surveyed in the Zillow poll believe they should always buy discount points when obtaining a mortgage. However, because mortgage ...