Discount Points

Conforming Loan Costs Are Rising, Says Freddie Mac

June 9, 2010 by admin · Leave a Comment 

Mortgage rates may be dropping, but mortgage costs are not.
According to Freddie Mac, the average required discount points on a conforming mortgage rate are higher by 0.1 percent since early-May.
A “discount point” is prepaid mortgage interest; an up-front fee paid by a borrower in exchange for a lower mortgage rate. In most cases, discount points [...]