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.
Loan Origination Fees Explained. An origination fee is a fee commonly charged by a lender for processing a loan application. The origination fee may be presented in the form of points or a dollar amount. Each point is equal to 1 percent of the loan amount (e.g. two points on a $100,000 mortgage would cost $2,000). One of the last steps in the home buying process is the closing.