Now that the government shutdown is over and debt deal has happened, mortgage rates fell slightly according to Mortgage News Daily. The conforming 30 year fixed rate was back to 4.25% on October 17th, with the most comparable day for rate sheets just before the start of the government shutdown.
Market Watch reports that some banks are increasingly willing to overlook credit scores that arenât perfect. New data released by Ellie Mae stated that the average credit score among borrowers who received a mortgage in September was 732, down from 750 from September of 2012.
Mortgage rates rose slightly this week to 4.28% (from 4.23% last week) according to USA Today. The article states that is it possible for rates to fall again next week since lawmakers made a deal to avert a possible debt default and open the government back up for business.
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