The Downgrade and Mortgage Rates

Many have asked why morgage rates dropped since the S&P downgrade.  It’s important to know that mortgage rates are tied to the bond market.  Weak economic news normally causes money to flow out of stocks and into bonds, helping bonds and home loan rates improve, while strong economic news normally has the opposite result. Keep the [...]

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Consumer vs Lender FICO scores

Why do consumer pulled credit reports have different credit scores than lender pulled reports?  When a consumer pulls their own credit report directly from one of the big three bureau they can get a free copy of the report. However, they do pay for obtaining the credit score. The law provides for a free annual [...]

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