Credit Score Requirements LOWER As Interest Rates CREEP UP

Credit Score Requirements LOWER As Interest Rates CREEP UP


Credit Score Requirements LOWER As Interest Rates CREEP UP! [INFOGRAPHIC] | Simplifying The Market

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%!


Tracy Seabrooks Headshot
Author:
Phone: 614-572-3586
Dated: September 18th 2015
Views: 234
About Tracy: Tracy Seabrooks has been investing in Real Estate for over 20 years. Her extensive knowledge and exp...

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