When you get a mortgage rate quote, the interest rate is only part of the picture. Every rate comes with a price — and that price is expressed as either discount points or rebate credit. Understanding how this works gives you real control over your closing costs and monthly payment. [Read more…]
Discount Points vs. Rebate Credit: How Mortgage Rate Pricing Works
April 9, 2026 by Leave a Comment
Should You Pay Points to Buy Your Interest Rate Down?
April 4, 2023 by Leave a Comment
Since mortgage rates have returned to a more historically “normal” level, many are surprised that mortgage rates a bit higher than they may have been over the past few years. Mortgage rates have been pushed higher largely due to inflation. It’s expected by many industry experts that mortgage rates should improve to the mid-5% range somewhere between this summer to sometime next year. I do not expect to see mortgage rates for the 30 year fixed 4% anytime soon. [Read more…]
