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Credit Score Requirements LOWER As Interest Rates CREEP UP! [INFOGRAPHIC]

Monday, September 21, 2015   /   by Thomas March

Credit Score Requirements LOWER As Interest Rates CREEP UP! [INFOGRAPHIC]

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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%!