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Mortgage rates fall again
"If they don't tighten credit, defaults will increase and the supply of available housing will put downward pressure on the housing market. If they tighten credit, the demand for housing will fall and that puts downward pressure on the housing market." A basis point is one-hundredth of 1 percentage point. The mortgages in this week's survey had an average total of 0.26 discount and origination points. via Bank Rate