More homebuyers are paying discount points as interest rates continue to rise

Buyers are turning to mortgage points to lower their mortgage interest rates.  (iStock) Mortgage points, which are one-time fees paid at closing in exchange for a lower interest rate, are becoming more prevalent as buyers look for any way to lower their rates. The number of homebuyers who paid discounts nearly doubled from 2021 to 2023, the Consumer Financial Protection Bureau (CFPB)…