According to the latest data, borrowers’ average credit score rose to a 3-year-high of 731. Have you checked your score recently? You may be more creditworthy than you think! Find out what mortgage products you qualify for today.
Mortgage borrowers’ FICO scores rise to a 3-year high: Strong labor market makes borrowers more creditworthy
“The rate was the highest since September 2016, according to Ellie Mae. Measuring just conventional mortgages backed by Fannie Mae and Freddie Mac, the average FICO score was 742 for refinancings, the highest since November 2016, and 754 for loans to buy homes, which matched last month’s level that was the highest since June 2017, according to Ellie Mae data.”