Homebuyers Hit Record High for Credit Scores
Those getting loans to purchase homes are getting record high credit scores, resulting in what could be the best loan performance in history.
According to Black Knight Financial Services, purchase mortgage originations were up 15 percent in the second quarter from a year ago.
Mortgage-dependent borrowers are on the rise, which means cash investors are on the way out. In July, cash sales were at their lowest level in years.
Image via Flickr/401(K) 2012