Discount Points on Jumbo Mortgages are Hot Again. Here’s Why.

Sep 2, 2020, 12:54 PM by Katy McLaughlin

On August 11, Mat Ishbia, president and chief executive of United Wholesale Mortgage in Pontiac, Mich., the second-largest lender in the country (after Quicken Loans), introduced a 30-year fixed loan with rates that can be paid down to 1.99%—low enough, Mr. Ishbia hopes, to circumvent refinancing no matter where rates go.

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