FAQ

2.65% 2021: The lowest 30-year mortgage rates ever Rates plummeted in 2020 and 2021 in response to the Coronavirus pandemic. By July 2020, the 30-year fixed rate fell below 3% for the first time. And it kept falling to a new record low of just 2.65% in January 2021.

7.76%

Source: Freddie Mac

The minimum credit score to buy a home varies by lender and by loan type. FHA Loans have a minimum credit score requirement of 500, but lenders may require a higher score. VA loans don't have a minimum score requirement, but lenders typically look for a score of 620 or higher. Lenders look for a score of 580 or higher for a USDA loan and a score of 620 or higher for a conventional loan.