A strong labor market coupled with lower borrowing costs has put Americans in better shape to get a mortgage, based on average FICO scores and debt ratios for closed loans. The average FICO score for a closed mortgage was 728 in May, matching April’s level that was the highest reading since the end of 2016, according to data from Ellie Mae. Debt-to-income ratios, known as DTIs, matched the prior two months that were the best since mid-2017.
https://karincomeaux.com/wp-content/uploads/2018/07/PremierLogo3.png 0 0 HousingWire https://karincomeaux.com/wp-content/uploads/2018/07/PremierLogo3.png HousingWire2019-06-21 22:18:002019-06-21 22:18:00FICO scores for May mortgage borrowers remain at two-year highs
Premier Realty Group
8010 W. Sahara Avenue Ste 150
Las Vegas, NV 89117