The presidentâs executive action was the latest in a series of administration moves imposing new requirements on companies that contract with the U.S. government. It will give about 300,000 employees of federal contractors the chance to earn up to seven days of paid sick leave each year.Some workers who already have sick-leave benefits will have access to additional sick days.t will give about 300,000 employees of federal contractors the chance to earn up to seven days of paid sick leave each year. Some workers who already have sick-leave benefits will have access to additional sick days.
Discount points are a type of prepaid interest or fees mortgage borrowers can purchase that lowers the amount of interest they have to pay on subsequent payments. Each discount point generally costs 1% of the total loan amount and depending on the borrower, each point lowers the loan's interest rate by one-eighth to one one-quarter of a percent. Discount points are tax deductible only for the year in which they were paid. BREAKING DOWN 'Discount Points' Discount points are also known as mortgage points. They are a one-time, upfront mortgage closing cost which five a mortgage borrower access to discounted mortgage rates as compared to the market.
You're taking a slightly higher rate, and you're paying the costs every month in that rate.. A point is an upfront fee equal to 1 percent of your loan amount. For example, if you borrow $200,000, one point is $2,000, half a point is $1,000 and a quarter point is $500.As a general rule of thumb, a discount point paid today usually shaves no more than a quarter or eighth of a percentage point off your rate. Pay one discount point in addition to your closing costs for a lower interest rate of 3.25 percent. 2  Pay no points at all, leaving your interest rate unchanged at 3.50 percent. 3  Receive one rebate point, $2,000 at closing, in exchange for an interest rate of 3.75 percent.