Credit Crunch Means Higher Scores Necessary to Get Best Rates

In its January 4, 2009, edition, the Wall Street Journal reports that it now takes a 760 FICO score to get the best rate on a 30 year mortgage, 740 for the best rate on 15 year mortgages, and 720 for the best 3 year auto loan rate. Formerly, 720 would get the consumer the best rates on these loans. The inflation in required credit scores is a result of the current credit crunch.


  • 4104 24th Street
    San Fransisco, CA 94114
  • (415) 321-9655