You know, this is exactly the sort of situation that cries out for a graph.
Here you go:
The higher line is the annual average; the lower one is points. There's no 1971 (only a partial year of data from Freddie Mac) and no annual average to be had for '09 yet, obviously. But you can imagine the line dropping from '08.
I included points because they've ranged a lot over the years -- from more than 2 percent to less than half a percent.
I updated the graph above on 4/6 to show the rate and points separately -- which I should have done from the beginning. Desk, meet head.