Here’s the question…and it’s a good one!
“My mortgage broker had locked me in at 6.43% with a .25 point buy down at a cost of $875.00. Her yield spread was .98%.
Then a week later the market fluctuated and she was able to lock me in at 6% with no buy down and her yield spread [...]

Here’s the whole question…then I’ll answer it.
“I just reread your article “How to Read Mortgage Rate Sheets”. In your example, you give 2 costs for obtaining the same $200,000 mortgage.
The right way = $2,328.00
The wrong way(YSP) = $4,996.00
My question:
Is $2,328.00 the entire total cost of the loan? Does this include closing costs and everything else [...]

Eliminating yield spread premium starts by avoiding banks like the plague. Bank mortgage rates will always include their version of YPS since they have no legal duty to disclose it.
(In the banking world YSP is call service release premium. This “different” classification was the legal technicality or loophole the industry used to [...]

Mortgage yield spread premium is responsible for up to two thirds of the revenue earned on every mortgage. Yet most Americans have no knowledge of mortgage yield spread premium or how to avoid it.
No one in the mortgage and banking industries wants you to find out about mortgage yield spread premium because it [...]

The best mortgage is never found by collecting a handful of Good Faith Estimates or by calling around getting mortgage rate quotes. Yet this is THE shopping method for most.
If you define the best mortgage as the loan having the best mortgage rate, the lowest costs, and the one that fits your financial [...]