Credit Score Rate Update: 6/28/2009 Best FICO® saves $109,000 on a $300,000 30-Yr Fixed

Credit Score Rate Update:

Rates got a little better this week, but the savings difference stayed the same. Still, $109,000 in savings just from jumping from a sub-639 score to a 760+. This equates to $3,660/yr.  That’s like getting over two months of your mortgage paid for every year.

Credit Update: 6/28/2009 FICO® >760•5.120% APR, FICO® <639•6.709%.  Best FICO® saves $109,000 in interest on a $300,000 30-Yr Fixed Mortgage.

June 28, 2009

June 21, 2009

Charts source: MyFICO and Inform Research Services

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