Live Rate Quotes No social security number required
Real Estate Chart of the Day
Mortgage rates and markets change constantly. Stay 100% current by taking The Mortgage Reports by email each day. Click here to get free email alerts, or subscribe to the RSS feed in your browser.
Are mortgage rates going up? Are mortgage rates going down? get that interest rate. "Points", you may not know, is industry shorthand for "discount points" and it's expressed as a percentage of the amount borrowed. As an for-instance, 1 point on a $325,000 mortgage would cost $3,250. When it comes to shopping for, or reporting on, mortgage rates, most people forget about the "points" part of the equation. You probably even do it yourself. When you ask a mortgage guy, for example, "What're rates doing today?" you're completely discounting the question's second half. This chart illustrates it.
