Iowa Bankers Association Iowa Bankers Insurance & Services, Inc.
Iowa Bankers Association
8800 NW 62nd Avenue
Johnston, IA 50131
Toll-Free: 800-532-1423
Local: 515-286-4300
Fax: 515-280-4140

Mortgage Rate Gap Widens Between Higher and Lower

:Mortgage Rate Gap Widens Between Higher and Lower Credit Score Borrowers

Right now, a high credit score can mean getting up to 83 basis points shaved off your mortgage interest rate compared to people with lower scores. It’s a gap that is widening as the pandemic grinds on and credit standards for borrowers tighten.
https://www.bankrate.com/mortgages/credit-score-gap-widens-for-mortgage-borrowers/

 

 

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