A basis point is one-hundredth of 1 percentage point.
The mortgages in last week's survey had an average total of 45 discount and origination points.
One year ago, the mortgage index was 6. 62 percent; four weeks ago, it was 5. 45 percent.
Read more at http://www.dailyrecord.com/article/20090628/B... and post your comments below
Posted by Mortgage News on 6/28/09 7:07 AM
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