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News, Page 27

740 credit score is mortgage sweet spot

Today's lowest mortgage rates and fees go to borrowers with credit scores of 740 or higher. This is a change from a few years ago, when a 720 credit score was good enough to merit the best deals. The fees are higher for borrowers with credit scores of 700 to 719, and they continue to kick higher for every 20-point drop. “What used to be great is now only good,” says mortgage broker Todd Huettner …

Mortgage approvals edge up in January for second monthly rise

British mortgage approvals edged up in January to show their second monthly increase, Bank of England data showed on Monday, a latest sign that a housing market slowdown may be starting to fade. Mortgage approvals for house purchases numbered 60,786 in January, edging up from 60,349 in December to hit the highest level since September of last year. Analysts in a Reuters poll had forecast 61,000 …

UK mortgage approvals edge up in January for 2nd monthly rise

British mortgage approvals edged up in January to show their second monthly increase, Bank of England data showed on Monday, a latest sign that a housing market slowdown may be starting to fade. Mortgage approvals for house purchases numbered 60,786 in January, edging up from 60,349 in December to hit the highest level since September of last year. Analysts in a Reuters poll had forecast 61,000 …