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FICO scores for refi borrowers reach six-year high, Ellie Mae says

Aug 26, 2019By

The average credit score of borrowers who refinanced mortgages in July with loans backed by Fannie Mae and Freddie Mac rose to a six-year high, according to an Ellie Mae report. The score was 750, up from 742 in June. Low mortgage rates are attracting more creditworthy borrowers who are looking to improve their household balance sheets by lowering their monthly bills.