Should You Lower Your Mortgage Rate With Discount Points?
Briefly

Getty Images When buying a home today, you might have to solve a puzzle about the mortgage rate you'll pay.Which would you do?Get the lowest monthly payment now by paying discount points to reduce the interest rate.Make monthly payments at today's interest rate and wait an unknowable time for rates to fall so you can refinance, at which time you'll pay closing costs of roughly 2% to 6% of the loan amount.
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