To get the lowest mortgage rate available, just how good does your credit score have to be?
Try 740 and above, out of a possible 850. Unfortunately, that figure, from a study by mortgage-info firm Zillow.com, relegates a lot of would-be borrowers to the sidelines. Zillow says just 40.3% of Americans have such enviable scores. The industry has tightened up — in 2010, bottom-rate loans required a score of 720, a threshold met by 47% of potential applicants.
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