Origination points
Origination points
Origination points describe an upfront fee that a borrower pays to a mortgage lender for its role in preparing the loan for funding. Each origination point is equivalent to 1 percent of the loan amount. Origination points are set by the lender, usually based on the borrower's qualifications, and can sometimes be negotiated.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed |
|
| 5/1 ARM | 3.69 |
Rates may contain points