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4.88%
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Updated: 02/09/2010 6:00AM
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4.88%
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Change vs. Yesterday-0.03%
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Monthly Average5.29%
The Best Time to Buy Mortgage Points
Mortgage points are offered by lenders and are added into the closing costs of a loan. A mortgage point equals one percent of the total mortgage balance. Depending on the loan, you may have the option of buying a few mortgage points. While you can almost always buy them if you want to, it is not always in your best interest to do so. more
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