Looks like its back to square 1 as people who think of getting a Home are challenged. The higher the interest rates go up the lower the credit scores go down. Here are some Interesting Facts:
- The average 30-year rate for all loans closed in August eclipsed 4.3% for the first time since October 2014.
- The average FICO score for all closed loans in August reached a new yearly low at 724 (the lowest since February 2014!)
- The average down payment of FHA loans closed was just 4%!
If you need help and assistance to buy a Home we can Help you. please login to our website http://www.lasvegasfindahome.com/ or www.SoldByJenkins.com or call Bill Jenkins 702-845-8540 or Fran Jenkins 702-860-5432.
We have some of the trusted and skilled loan officers we know that can help you out on your loan. Give us a call!