What Are Mortgage Points & Should You Pay Points For A Lower Rate?

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Mortgages & home buying are a hot topic recently.

Home prices are way up. Mortgage rates are off their sub-3% lows. Anecdotally, buyers were paying 20% over ask and making cash offers the day houses were put up for sale in many hot markets.

Not the prettiest picture for people looking to get into their first home. (Chart from RedFin)

With prices going…