Take a look at this new chart. To find the relative frequency for each steak choice, we need to take the frequency for each choice and divide that number by 20. We are dividing by 20 here because there was a total number of 20 people who tasted the steaks. The number in the third column is the relative frequency number.
The average loan origination fee will be 0.5 to 2% of the loan amount, if expressed in points. It is charged by mortgage brokers for processing and closing your mortgage.he average loan origination fee will be 0.5 to 2% of the loan amount, if expressed in points. It is charged by mortgage brokers for processing and closing your mortgage.
The origination fee is how the lender makes money on the front end of the transaction. On average, home buyers pay 1% of the loan amount in the form of an origination fee. For example, on a loan of $300,000, a 1% origination fee would come out to $3,000. So the more money you borrow, the higher the fee. If your lender is charging you a mortgage origination fee much higher than 1%, you should ask them why.