So I take it points are also known as fees. I was always a little confused when I got my loan online from countrywide and was not sure where that half point went to, now I think I understand it went to the guy on the phones commission. Isn’t it interesting how all these terms can be twisted around. I got a good deal, so I’m happy, the wife’s happy so it’s a win-win scenario.- Now about the government propping up prices and HLS saying people should put 20% down. Now that just doesn’t make sense, if we are in an artificial price bubble the market could/should drop a lot more(when the government stops printing money) in that case who wants to be the smuck that put 20% down? If we are headed toward a Depression then it’s smarter to save money than spend it on a down payment.