Currently viewing the tag: "740 FICO"

Starting April 1, 2011, loan-level pricing adjustments are increasing. Most conforming mortgage applicants will face higher loan costs.

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Freddie Mac’s most recent weekly summary shows a continued push on the all-time interest rate lows that we are currently seeing, but there’s a huge difference in rates for 740 FICOs and 660 FICOs.

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Credit scores not only make the difference between a mortgage approval and mortgage turn-down, but they also play a large role in determining your actual mortgage note rate. In the 3-minute piece, the NBC Today Show talks about 7 ways that homebuyers ruin their credit — often by accident.

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