Tuesday, September 22, 2015

Credit Score Requirements LOWER As Interest Rates CREEP UP!




Some Highlights:

The average 30-year rate for all loans closed in August eclipsed 4.3% for the first time since October 2014.

The average FICO score for all closed loans in August reached a new yearly low at 724 (the lowest since February 2014!)

The average down payment of FHA loans closed was just 4%!

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