The Mortgage Bankers Association publishes findings from the weekly mortgage applications survey. Mortgage applications for purchase remain strong. Applications to refinance existing mortgages have increased as well.
Data analysis calculates the recorded credit scores on the accepted mortgage applications.
Research indicates the average FICO score on the accepted mortgage purchase applications is quite high. The average FICO score on the mortgage refinance applications were slightly lower than those accepted on a purchase.
The data seems to indicate the lenders activity favors a higher credit score on the individual credit report. Wisconsin Credit Repair Nerds delivers a service that fixes an individuals credit report to improve their borrowing outcome. Wisconsin Credit Repair Nerds works with the information on file to improve the presentation of an individuals credit report.
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