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2. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   Key takeaways. 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 ...

3. Looking to refinance your FHA mortgage? Make it easier and ...

   www.aol.com/finance/looking-refinance-fha...

   Consider points and credits: You might have the option of buying mortgage points, also called discount points, to get an even lower interest rate. Or, to receive credits that can go toward your ...

4. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can ...

5. Mortgage Points: What Exactly Are They? - AOL

   www.aol.com/finance/mortgage-points-exactly...

   Mortgage points can reduce the interest rate on your loan, but they don't always save you money. Find out whether to buy them or skip them for your home purchase.

6. How to get the best refinance rate on your mortgage - AOL

   www.aol.com/finance/best-refinance-rate-mortgage...

   Refinancing your mortgage makes sense if you can reduce the interest rate by one-half to three-quarters of a percentage point. ... With mortgage points, you pay the lender upfront for a lower rate ...

7. What Are Mortgage Points? - AOL

   www.aol.com/mortgage-points-203635163.html

   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 ...

8. Mortgage and refinance rates for Jan. 15, 2025: Rates rise ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   Rates for a 15-year fixed mortgage average 6.39% for purchase and 6.40% for refinance, up 5 basis points from 6.34% for purchase and 4 basis points from 6.36% for refinance this time last week.

9. Mortgage and refinance rates for Feb. 11, 2025: Average rates ...

   www.aol.com/finance/mortgage-and-refinance-rates...

   The current average interest rate for a 30-year fixed mortgage is 6.94% for purchase and 6.91% for refinance, down 5 basis points from 6.99% for purchase and 4 basis points from 6.95% for ...