Mortgage rates and much much more
For ten weeks in a row, interest rates for a 30 year fixed rate home mortgage have been hovering at the lowest point in decades. There has, consequently, been a jump in the number of consumers applying for a new mortgage. A large number of those consumers are, unfortunately, being denied those new mortgages. Banks are requiring that borrowers meet more rigid requirements. In many cases, borrowers need a credit score of at least 720 to qualify for the lowest rate home mortgages.