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Everyone has a vision of their dream home. Whether it’s a cozy house with a big backyard for your pets or a high-rise apartment with stunning sunset views, finding it is just part of the journey. The financial side, however, can feel overwhelming.
When it comes to buying a home, your credit score is a major player in the game. It’s not just a number—it’s a reflection of your financial history and a key factor in determining your mortgage options. Here’s what you need to know to demystify the credit score requirements for home buying.
Mortgage Rates Hit Lowest Point Since February
According to Freddie Mac, mortgage rates have recently dropped to their lowest level since February. This decline follows recent updates on the economy, inflation, unemployment, and comments from the Federal Reserve.
If you’ve been waiting for mortgage rates to decrease to make a move, the trend is moving in your favor. Check out the graph below to see how rates have been trending downward over the past few weeks.
According to Freddie Mac, mortgage rates have recently dropped to their lowest level since February. This decline follows recent updates on the economy, inflation, unemployment, and comments from the Federal Reserve.
If you’ve been waiting for mortgage rates to decrease to make a move, the trend is moving in your favor. Check out the graph below to see how rates have been trending downward over the past few weeks.
