With interest rates climbing up almost one point in the last couple of weeks you may want to consider a buydown.  Lenders Direct has a buydown loan starting at 5.75% for the first year and then fixing at 6.75% for the remaining term for just one point cost. This is a savings of about $163 per month on an average loan for the first year.  The savings per month translates to about $25,000 more home that a borrower can purchase. Call Lynne Dewar at (800) 552-1188 for further information.