Rising Mortgage Rates Drive Borrowers To Buydown Points

National Mortgage Professional, Sept. 22, 2023-Christine Stuart
With the average 30-year, fixed-rate mortgage hitting a 21-year peak in August, homeowners face added affordability challenges, as reported by Freddie Mac. In response, some borrowers are turning to mortgage buydown points as a strategy to temporarily lower monthly payments, according to CoreLogic Economist Archana Pradhan.
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