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An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).
The 30-year fixed-rate home mortgage dominates the housing market, particularly for first-time buyers who appreciate the ability to extend their home loan payments for the longest possible term. The.
“You would apply the same logic when the rate goes down,” said Eric Spottswood, regional manager for the Southeast at.
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They’ve a neck like a jockey’s backside to be asking those prices’ Houses available for rent down by almost 2% in 2018 Share.