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The effects of the COVID-19 pandemic spurred highermortgage interest rates, higher rents and a scarcity of available housing.
However, inflation is finally cooling off.
Bureau of Labor Statistics, current inflation hovers around 2.4%.
What Is Buying Points?
Tax deductions lower your tax liability and can potentially put you in a lower tax bracket.
Temporary buydowns are usually cheaper than shelling out cash upfront for a permanent rate deduction when you buy points.
Alternatively, you’re free to choose to make a larger down payment instead of buying points.
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