Pay the points to secure a much better rate. Two points makes a difference. For would-be homebuyers, last week was a 1–2 punch of record home prices (Case- Shiller index) and a 23-year high for mortgage rates (average 7.65% on a 30-yr mortgage). In this environment, your clients know the cost of acting, but do they fully understand the cost of waiting? Average 30-yr mortgage rates just set another...
