LendingTree®, a leading online lender, released its monthly Mortgage Offers Report, which analyzes data from actual loan terms offered to borrowers on LendingTree.com by lenders on LendingTree's network. The purpose of the report is to empower consumers by providing additional information on how their credit profile affects their loan prospects.
Purchase APR by Credit Score Range
Purchase Mortgage Offers by Credit Score
PURCHASE |
|||||
FICO Range |
Average |
Average |
Average |
Average |
Lifetime |
All Loans |
5.35% |
$59,974 |
$230,260 |
82% |
$232,857 |
760+ |
5.20% |
$77,531 |
$251,149 |
79% |
$225,009 |
720-759 |
5.26% |
$56,552 |
$230,775 |
83% |
$227,855 |
680-719 |
5.50% |
$38,486 |
$212,562 |
86% |
$240,397 |
640-679 |
5.87% |
$69,559 |
$199,357 |
75% |
$259,714 |
620-639 |
5.96% |
$59,151 |
$191,106 |
77% |
$264,351 |
Refinance Mortgage Offers by Credit Score
REFINANCE |
|||||
FICO Range |
Average |
Average |
Average |
Average |
Lifetime |
All Loans |
5.33% |
$532.21 |
$239,856.18 |
62% |
$241,250 |
760+ |
5.20% |
$671.07 |
$248,386.05 |
59% |
$234,088 |
720-759 |
5.24% |
$601.61 |
$244,499.75 |
64% |
$236,505 |
680-719 |
5.43% |
$415.07 |
$233,539.18 |
64% |
$246,795 |
640-679 |
5.59% |
$411.21 |
$224,540.71 |
59% |
$255,262 |
620-639 |
5.73% |
$0.00 |
$217,883.03 |
59% |
$262,781 |
To view the original report, visit https://www.lendingtree.com/home/mortgage-offers-report-november-2018/.
About the Report
The LendingTree Mortgage Offers Report contains data from actual loan terms offered to borrowers on LendingTree.com by lenders. We believe it is an important addition to standard industry surveys and reports on mortgage rates. Most quoted industry rates are for a hypothetical borrower with prime credit who makes a 20% down payment. Most borrowers do not fit this profile. Our report includes the average quoted APR by credit score, together with the average down payment and other metrics described below. We stratify by credit score, so borrowers have added information on how their credit profile affects their loan prospects. The report covers conforming 30-yr fixed loans for both purchase and refinance.
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