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Good Credit Score Not Good Enough Anymore
Jeana Clowie, a New Jersey broker has a great story on credit scoring and mortgage interest rates. Comments should be directed to Jeana's Blog.
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I found this on Yahoo Finance:
Good Credit Score Not Good Enough Anymore
by Melissa EzarikTuesday, December 29, 2009provided by
With historically low rates, many homeowners are watching closely for the right time to refinance their mortgages. Those with good credit may well recall being showered with praise by a mortgage broker during the initial purchase for that solid credit score.
That was then. This is now.
A few years ago, a score of 620 or higher was good enough. That increased to 680 in early 2008. Then it jumped to 720 in April last year and 740 in August, says Rodney Anderson, ... more

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