Is paying points worth it since rates are low?

Only you can answer that question based on your own situation. The good news is that it is simple math. What will the points cost you. What is the payment savings difference. Divide the savings by the cost to determine your breakeven period. Will you be there long enough for it to make sense? Then also consider the time value of money. Is it more important to keep that money in your pocket today for possible future savings later? I lend in MN WI IA ND SD. I can be found at JoeMetzler.com - Cambria Mortgage, NMLS 274132