National Average FICO Score hit 700!

Credit scores are rising, as the national average FICO score hit 700 for the first time in history. FICO’s VP for scores and analytics said a 700 score is considered “very good credit.” Better credit scores can get buyers more favorable mortgage terms.

The chief economist at property information firm CoreLogic says “the market continues to benefit from improved economic growth.” Their CEO adds, “the rebound in the U.S. housing market continues to gather steam.”

A national listing site found that the biggest homeowner regret was not choosing a larger home, while the biggest renter regret was continuing to rent instead of buying.

Social Share Toolbar