Used to describe mortgage yield, one basis point equals one 100th of 1% or 0.01%. A mortgage yield increase from 9.50 to 9.75% is an increase of 25 basis points.
Disclaimer
Sierra Capital Mortgage Company is a DBA of R & L Wilcox, Inc., a California Corporation licensed under the California Bureau of Real Estate, License # 01783694, NMLS Company ID # 327610.
Linda Wilcox is licensed by the California Bureau of Real Estate, License # 01148651, NMLS Individual ID #245204.
Roland Wilcox is licensed by the California Bureau of Real Estate, License # 01348817, NMLS Individual ID #245214.
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