When a lender is reviewing your credit report, they will look at three different credit scores reported by the three major credit bureaus. One way to improve your score is to keep the total amount that is owed on revolving credit... » continued... |
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The week's headline economic report showed that inflation rose far more than expected in July, yet mortgage rates barely reacted and ended the week essentially unchanged. The July Consumer Price Index (CPI), the most widely watched inflation indicator, rose at the fastest annual rate since 1991. The core rate, which excludes the volatile food and energy components, rose at a 2.5% annual rate. The Fed's perceived comfort level for core inflation is between 1.5% and...
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