discount points
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Latest blogosphere posts tagged “discount points”
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15 Year Mortgage Rates Drop - Mortgage Applications Increase
MonitorBankRates.com —
Authority: 428
Long term mortgage rates are lower in the Weekly Mortgage Applications Survey released by The Mortgage Bankers Association. The biggest drop in today’s mortgage interest rates was in 15 year mortgage rates. The current average contract mortgage rate for 15 year mortgages is at 4.33 percent, down from the prior ...6 days ago -
What is a Buy-Down?
Fair Loan Rate! —
Authority: 136
A reduction in the interest rate of a loan is referred to as a buy-down . A payment made when the loan is taken out, either by the borrower or the lender often compensates this reduction . This payment is known as buying discount points , when it is made by the buyer. Discount point or Origination point ...2 weeks ago