According to Ellie Mae’s latest Origination Report, the average FICO® Score on all closed loans dropped to 722 which is its lowest mark since April. The average includes all approved refinance
Feb 12 2016 17292 1
|For the Week Ending February 12, 2016|
Please enjoy this quick update on what happened this week in the housing and financial markets.
Sam walks into his boss’s office. “Sir, I’ll be straight with you. I know the economy isn’t great, but I have over three companies after me, and I would like to respectfully ask for a raise.”
After a few minutes of haggling, the boss finally agrees to a 5% raise, and Sam happily gets up to leave. “By the way,” asks the boss, “which three companies are after you?”
“The electric company, water company, and phone company,” Sam replied.
Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.
Thank goes out to Norman Robles from Access National Mortgage for providing this great information.