Rates & Locks
Should I buy mortgage points to lower my rate?
Context
Points can lower your rate, but whether they are worth it depends on your time horizon.
The short answer
Buying points (a discount fee paid at closing) lowers your rate, so it makes sense mainly if you will keep the loan long enough to recoup the upfront cost — the “break-even” point.
Things to keep in mind
If you may sell or refinance sooner, points often are not worth it.
Next step
DMF helps you compare the break-even math across lender options before you decide — ask us to run the numbers for your file.
Have a question about your own situation?
DMF serves Minnesota homebuyers and homeowners by shopping your purchase or refinance file across multiple wholesale lenders — not a single bank's product menu.
Davis Monroe Financial, LLC is a mortgage broker, not a lender. We do not make credit decisions or fund loans. Rate locks are issued by the lender; we submit and manage lock requests on your behalf. All loans are subject to credit approval. Rates and terms are subject to change without notice.