Mortgage Rate Buydowns Explained: Is Paying Points Worth It?
One point costs 1% of your loan and cuts your rate by ~0.25% — but you'll need 5–7 years to break even. Here's how to tell if buying down your rate is worth it.
Tag buying down interest rate
Interest Rate Buydowns Explained: Should You Pay Points to Lower Your Rate at Closing?
Each discount point costs 1% of your loan and cuts your rate ~0.25%. With rates near 6.7%, here's how to calculate your break-even and whether buying down makes sense.