Mortgage Minute - What are points and when does it make sense to pay them?

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit www.EckardEnterprises.com Doug explains how points are calculated. Sometimes you can pay points to buy down your interest rate, but should you?  Doug talks about how to determine how long it would take to "break even" by paying money up front to get a lower rate. He then talks about forecasts in the mortgage industry about whether rates will go down.  To learn more about Doug Crouse or to get a free copy of his book, go to www.DougCrouse.com.