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An amount paid to the lender, typically at closing, in order to lower the interest rate. Also known as mortgage points or discount points. One point equals one percent of the loan amount (for example, 2 points on a $100,000 mortgage would equal $2,000).
Home construction continued to boom in Central Texas in the first quarter. "Incomes are still not growing as fast as they need to to keep up with home prices. And if mortgage rates shift upward.
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FILE- In this Feb. 20, 2019, file photo a coming soon for sale sign sits in front of a home in the Dallas suburb of Richardson, Texas. On Thursday, May 2, Freddie Mac reports on this week’s average.
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In the week following the largest one-week decline in a decade, mortgage interest rates remained virtually stagnant. Lloyd has a degree in broadcast journalism from the University of North Texas..