How To Boost Your Credit Score (And Other Credit-Scoring Tips)
News from The Mortgage Reports:

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Ultra-low mortgage rates have sped up the housing market’s recovery during the last year, with home sales and home prices both on the rise.

During the third quarter of 2012 alone, $ 521 billion in new mortgages appeared on consumer credit reports, marking the fourth consecutive increase in mortgage originations on a quarter-over-quarter basis.

Activity in the housing market shows no signs of slowing down, with the Mortgage Bankers Association forecasting $ 1.3 trillion in mortgage originations during the coming year.

Purchase originations are projected to reach $ 585 billion during 2013, marking a 16 percent increase over 2012. Meanwhile, refinances are expected to reach $ 785 billion in the coming year.

Between low interest rates and affordable mortgage programs like FHA loans, savvy home buyers should be looking to lock their mortgages bef…………… continues on The Mortgage Reports

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News from Mancunian Matters:

WHAT’S YOUR SCORE? 91% don’t know

Posted Wednesday, December 19, 2012 – 04:41

By Ben Ireland

It is safe to say the average Joe on the street doesn’t know what their credit score is.

A recent MM poll found that 91% of Mancunians were unaware, and many didn’t know what it was.

One in every three credit card applications are turned down because of the applicant’s credit score.

These elusive numbers play a larger role in our lives than most people think and until someone has a problem resulting from it, they generally don’t know what factors contribute.

A number is assigned to all of us that helps dictate whether or not we are a ‘good’ customer to a bank, and assists a decision on a loan, credit card, mortgage or even mobile phone contract.

With credit harder to obtain than ever before, borrowers will certainly need to pay more attention to their credit rating and credit scores, but few even consider their score until it comes back to bite t…………… continues on Mancunian Matters

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