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).
Example home listing: 12203 Hidden River Lane, Pearland. $349,000. See the listing. Pearland – No. 56 in Texas Median home value: $208,900 Median rent: $1,272 Example home listing: 12203 Hidden River.
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On June 21, 2019, according to Bankrate’s latest survey of the nation’s largest mortgage lenders, the benchmark 30-year fixed mortgage rate is 3.92 percent with an APR of 4.04 percent.
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