Summary
In September 2025, average credit scores for homebuyers surged to a six-year high, reaching 736, driven by falling mortgage rates and stricter lending standards. This trend indicates that lenders are becoming more risk-averse, offering fewer options or higher interest rates to borrowers with lower credit scores. For instance, a borrower with a score of 740 could secure a 6.63% mortgage rate, while one with a score of 660 would face a 7.04% rate. Despite lower rates, limited inventory, and high home prices, affordability remains a challenge, especially for cost-sensitive buyers.
Investopedia
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