Mortgage Loan “Points” – please explain?

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Can someone tell me what this means on a 30 year mortgage loan chart:
RATE Points APR

5.250 0.000 5.340
5.125 0.250 5.237
5.000 0.750 5.156

I don’t understand what the point column is.
It obviously lowers the interest rate.

Does buying a point lower interest rate?
and how much does that cost?
Thanks for explaination.
ALSO:
When using a amorilization chart, do I plug in the APR rate or the interest rate when figuring out the loan?
ALSO: when it says “all fixed rate mortgages carry a 1% origination fee”, does this mean you have to pay an additional 1%, or is that included?

Thanks for your answers so far.
ALSO: when it says “all fixed rate mortgages carry a 1% origination fee”, does this mean you have to pay an additional 1%, or is that included?

Thanks for your answers so far.

We will be happy to hear your thoughts

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