Mortgage interest rate – Paying points.?
I recently got a mortgage loan. I paid 2% (two points) to have my rate lowered. Should my rate be 2% lower that what it should be at the time? I have excellent credit. What I got is very low rate, but, its not 2% less than the rate available. More like 1% less.
We got the loan and used it for purchasing a home. So, is there anything I can do about it now? Can get money I paid for points back.