http://www.theobamanews.com/ObamaNews/obama-got-discount-on-home-loan/ The freshman Democratic senator received a discount. He locked in an interest rate of 5.625 percent on the 30-year fixed-rate mortgage, below the average for such loans at the time in Chicago. The loan was unusually large, known in banker lingo as a "super super jumbo." Obama paid no origination fee or discount points, as some consumers do to reduce their interest rates. Wed, 02 Jul 2008 13:58:49 CDT en