The Consumer Financial Protection Bureau (CFPB) on Friday issued a rep o rt indicating that it is taking a closer look at the impact of “discount points” on mortgage transactions, noting that use of ...

Dashia is the consumer insights editor for CNET. She specializes in data-driven analysis and news at the intersection of tech, personal finance and consumer sentiment. Dashia investigates economic ...

If you’re buying a home in a high interest rate environment, there’s a handy little hack that can enable you to reduce your rate over time, known as “discount points” or “buying down the rate.” This ...

Mortgage lenders offer multiple pricing options for home loans. You can choose to pay more points upfront in exchange for a lower interest rate and payment, or you can pay less upfront and accept a ...

On April 5, the CFPB issued a report on the relationship between trends in discount points and interest rates. The report used HMDA data between Q1 of 2019 and Q3 of 2023 when interest rates were at ...

As mortgage rates launched to 23-year highs in 2023, more homebuyers paid extra discount points to buy down their mortgage rate. But it may not have been worth it. According to Freddie Mac, more than ...

The share of mortgage borrowers paying discount points doubled from 2021 through 2023, with the increase larger among consumers with lower credit scores, a Consumer Financial Protection Bureau study ...

These mortgage fees increased 22 percent from 2021 to 2022. One likely factor is the greater use of discount points to nudge interest rates down. By Ann Carrns A pricey housing market and higher ...

When looking at mortgage offers online, the interest rate doesn't always show the whole picture. Often, the lowest advertised mortgage rate includes 1 or more discount points, which translates to ...

Our family of four is buying a house in Austin, Texas, in 2024. Despite enticing alternatives, a fixed-rate mortgage remains the best option for us. Alternative mortgages are getting more popular but ...

I am working on getting an FHA loan and the Good Faith Estimate points out a “Discount Point” – is this a standard fee when getting an FHA loan?

Effective August 29, 2026, Pennsylvania enacted House Bill 1103 (the “Bill”) impacting discount points on residential mortgage loans by making amendments to Pennsylvania’s usury code (the Loan ...