There are two major scoring models in the U.S. credit industry: FICO® -the industry leader- and VantageScore®. You may not have heard of the VantageScore, but it was designed by the three credit reporting agencies several years ago and is gaining in importance, partly because this score works with all three credit reporting agencies. Whereas you […]
Freddie Mac Reports Another Rise In 30-Year Fixed Mortgages – Buy Before They Jump Again!
Mortgage buyer Freddie Mac announced recently that rates on a 30-year fixed mortgage rose to 4.72 percent and warned that they would rise again soon. That rate was already 3.4 of a percent higher than at the start of the year. Then, last week, they rose again. Freddie Mac reported just days ago that the […]