Like people taking out their first mortgage or refinancing one, auto loan borrowers had
an increased median credit score last year in the «good» range — 700.
Not exact matches
Mortgage balances
increased, originations declined and the
median credit scores of borrowers for new mortgages declined slightly.
As shown in the chart, maintaining an open secured card account for two years was associated with a 24 - point
increase in
median credit score, while being charged off by the lender was associated with a 60 - point decrease in
median credit score.
The
median credit score for mortgage originations
increased to 763, with a
credit score of 700 and above generally considered good or very good by measuring agencies.