Market Updates: Credit Score Requirements LOWER as Interest Rates CREEP UP!

Posted by Dil Gillani on Wednesday, November 11th, 2015 at 5:16pm

Credit Score Requirements LOWER As Interest Rates CREEP UP! [INFOGRAPHIC] | Keeping Current Matters

  • 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 average down payment of FHA loans closed was just 4%.

 If you're curious about your home's market value, use our free Comparative Market Analysis tool! You'll get an instant home evaluation and even a free in-person assessment provided by one of our agents at your leisure.

Thanks to our friends at KCM for the awesome market information!

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