The fixed rate is based on the weighted average of the interest rates on the loans at the time of consolidation, rounded up to the nearest one -
eighth of a percentage point.
On an adjustable - rate mortgage, the rate would drop three -
eighths of a percentage point.
On a 30 - year fixed rate mortgage with a reduction option, the homebuyer pays an extra one - fourth to three -
eighths of a percentage point in the interest rate on the mortgage plus a quarter to three - eighths of 1 percent of the loan amount (points) at the time of closing.
Not exact matches
Despite widening gaps between highest - and lowest - scoring students, average scores in reading and mathematics were essentially flat from 2015 to 2017, with the exception
of eighth - grade reading scores, where the
percentage of proficient students increased by two
percentage points.
In other words, increasing the share
of eighth graders in tracked courses by ten
percentage points is associated with an additional 20,000 students scoring 3 or higher on AP exams nationwide.
For several years, data suggested that the city had seen improvements among all ethnic groups, including in graduation rates, which have risen about 14
percentage points for black and Hispanic students since 2005, and a national standardized test given every other year to a sampling
of fourth and
eighth graders.
Madison's strongest gains were among
eighth grade math scores, with the
percentage of black students scoring proficient gaining 8
percentage points, Hispanic students gaining 16
percentage points and low - income students gaining 6.5
percentage points over last year.
For
eighth - graders across the district, the report showed a four - year gain
of 4
percentage points to 38 percent in reading proficiency, and a 5
percentage -
point gain to 44 percent in math proficiency.
While up from the stagnant eight
percentage points from the previous two academic years, 12 percent
of black sixth to
eighth grade students were considered proficient in math in 2015 - 16 compared to 68 percent
of white students and 24 percent
of Hispanic students.
The
percentage of all young male
eighth - graders reading Below Basic in 2011, a one -
point decline from 2002.
The
percentage of Latino
eighth - graders reading Below Basic in 2011, a seven -
point drop from levels in 2002.
Thirteen percent
of eighth - graders not eligible for free - and reduced - lunch were functionally illiterate, a one
percentage point decline from 2011 and a three -
point decline from the same period eleven years ago.
The
percentage of all young male
eighth - graders reading Below Basic in 2013, a two -
point decline from 2011 and a three
percentage point decline from 2002.
Thirty - nine percent
of black
eighth - graders read Below Basic, a two
percentage point decline from 2011 and a six
point decline from 2002.
The
percentage of black
eighth - graders reading at Proficient and Advanced levels in 2013, a two
percentage point increase over 2011, and a three
percentage point increase over 2002.
The
percentage of eighth graders achieving at the advanced level in mathematics rose three
points, to 11 percent, which also represents a statistically significant improvement in performance since 2009.
The analysis from the charter school association, which used data collected by the Michigan Department
of Education, concluded the largest gaps were found in the MEAP reading scores — as high as 9.3
percentage points difference in
eighth grade; with 43.6 percent proficient for black urban students in charter schools, compared to 34.3 percent proficient for black urban students in traditional public schools, said Buddy Moorehouse, spokesman for the state's charter school association.
And only 8 percent
of African - American
eighth - graders scored «proficient» or higher in math, down a
percentage point from four years ago.
Note: Your interest rate can be equal to the index rate plus the margin exactly, or it can be rounded to the nearest one -
eighth of one
percentage point -LRB-.125 %).
«If you negotiate down one -
eighth of (an interest - rate
percentage)
point and live there 30 years, it could be $ 50,000 in savings.
The interest rate will be adjusted periodically based on the index rate plus a margin (your rate will be equal to the index rate plus the margin, rounded to the nearest one -
eighth of one
percentage point, unless your interest rate cap limits the amount
of change in the interest rate).
For each
point you buy, your rate is reduced by a certain amount, usually one -
eighth to one - quarter
of a
percentage point.
On a conventional mortgage backed by Fannie Mae, the rate on a condo will usually run about one -
eighth to one - quarter
of a percent (0.125 - 0.250
percentage points) higher than what you'd pay on a single family home.
«Specifically, we find that nearly 10 %
of prime borrowers who applied for their loans jointly could have lowered their mortgage interest rate at least one
eighth of 1
percentage point if the mortgage was applied for by the applicant with a higher credit score and an income high enough to qualify for the mortgage,» the note reads.
It also has the
eighth - highest
percentage of graduates with debt despite a decline
of 1
percentage point from last year.
Interest rates for renovation loans are usually one -
eighth to one - quarter
of a
percentage point higher than they are for a conventional mortgage because these loans are riskier for the lender.
At Guaranteed Rate, a national lender, the savings are similar: Buying one
point will typically lower your rate a quarter, or perhaps three -
eighths,
of a
percentage point, says Dan Gjeldum, senior vice president
of mortgage lending.
Each
point you buy will knock one -
eighth to one - quarter
of a
percentage point off your mortgage rate, which is less than
points would buy a few years ago.
Consolidated loan rates are calculated by averaging out the interest rates
of your old loans and rounding them up to the nearest one -
eighth percentage point.