[quote=HLS]By buying down with 1.7pts, you can save 1.375% in rate, down to 5.25%
OR
buying down with 2.3 pts saves you 1.63 in rate down to 4.99%
The buy-down takes you ahead after 15-16 months, previously unheard of on a 30 YR Fixed rate.
[/quote]
Wow. That is the type of loan I think buy-down makes perfect sense. Is there some business economics that supports this kind of buy-down? Or lenders are just scrambling to get any immediate cash?
