A basis point is 1/100 of a percent.
50 basis points therefore equal 1/2%.
The basis point is commonly used for calculating changes in mortgage rates and bond yields.
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Last modified: May 30, 2008
Written by Robert McLister• May 30, 2008• 1:58 PM• General • Views: 1
Basis Points (bps)
Robert McLister
Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.
