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 Research Center. The 15-year, fixed-rate refinance mortgage average rate is 5.32%. For 20-year mortgage refinances, ...

Mortgage points, also called discount points, are prepaid interest you pay at closing in exchange for a lower interest rate ...

The typical monthly payment on a median-priced $440,950 home at today’s 6.75% mortgage rate is roughly $2,288. (That’s assuming a 20% down payment and excluding tax and insurance.) Last week, a median ...

Home loans and refinancing both decreased for another week as mortgage rates inched up and the government shutdown is in its ...

The average rate on the 30-year fixed mortgage dropped 16 basis points to 6.29% Friday, according to Mortgage News Daily, following the release of a weaker-than-expected August employment report.

Paul L. Underwood is a writer and editor specializing in finance whose work has appeared in The New York Times, Esquire, Texas Monthly and more. Paul lives in Austin, Texas, with his wife, two ...