Credit Update: 8/10/2009 FICO® >760•5.048% APR, FICO® <639•6.637%. Best FICO® saves $109,440 in interest on a $300,000 30-Yr Fixed Mortgage.

Rates are above 5% again for the best credit folks.   The savings difference improved – $109,440 in savings just from jumping from a sub-639 score to a 760+ over a 30-yr fixed. This equates to $3,648/yr. Rates have worsened by 232 basis points just in the last few weeks.  In fact, four weeks ago, a 700 FICO would have given you the same APR as a 760 FICO credit score gives you today.

August 10, 2009

July 20, 2009

July 12, 2009

Credit Update: 7/12/2009 FICO® >760•4.816% APR, FICO® <639•6.405%. Best FICO® saves $108,000 in interest on a $300,000 30-Yr Fixed Mortgage.

July 5, 2009

Credit Update: 7/05/2009 FICO® >760•4.968% APR, FICO® <639•6.557%. Best FICO® saves $108,720 in interest on a $300,000 30-Yr Fixed Mortgage.

June 28, 2009

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 21, 2009

Charts source: MyFICO and Inform Research Services

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