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 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 ...

Have you applied for a mortgage loan lately? If so, you are aware of how much mortgage rates have increased over the past couple of years. One method of offsetting the higher rates is to pay discount ...

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 ...

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 ...

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 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 ...

The Federal Reserve cut rates last month for the second time this year, trimming its benchmark rate. Mortgage rates are still ...

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 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 ...

Getting a low interest rate on mortgage can make buying a home or refinancing an existing loan affordable. You could wait for mortgage rates to drop before applying for a loan but buying mortgage ...