Rates are always changingIf you've started thinking about getting a mortgage, you've probably been bombarded with conflicting messages about interest rates. In reality, both those statements are true, but if it seems like the news of mortgage interest rates is constantly changing, that's because it is. Believe it or not, mortgage interest rates change daily. Interest rates add upThat said, though mortgage interest rates have a tendency to fluctuate, they rarely go up or down by more than a fraction of a percentage point. Points, on the other hand, are an additional fee that you can pay to the mortgage company in exchange for a lower interest rate.

Source: Forbes December 26, 2018 22:07 UTC