a point is a quarter of percent is this right ?

One point is 1% of the loan amount. .25 would be a quarter of a point .25% of the loan amount. If you have anymore questions feel free to contact us. Michelle & Benny 201-962-3555 TeamAmbassador@BestMortgageOption.com

That's about right it will cost a point to go .25% better.

Depending on the day the costs for securign a 1pt lower rate varies. If you would like to find out the exact cost based onn today's rate please feel free to give me a call. Scott Irvine201-344-0154c. scott@mortgage-me.us

No Wrong.... one point is 1 percentage point of the loan amount if your talking about lenders point, and it's based on the sale price if your talking about real estate commissions. WilliamAcres.com

If you are asking will a one point discount equate to a 1/4% reduction in the interest rate, the answer is yes, sort of. The value received from buying down the rate with discount points is not set in stone and can vary from day to day and lender to lender as well as the length of the loan term. But as a rule of thumb, a 1 point discount fee will lower the rate about 0.25%.