Credit scores play a huge role in today's mortgage market. Blame it on the high default rates of the last half-decade brought on by lending standards that let anyone borrow almost any amount of money. Lenders are reserving their lowest rates for the customers that are most likely to make on-time repayments and history has shown that the higher your credit score is, the lower risk you are. Mortgage rates are near an all-time low in Minnesota. However, the low rates you see advertised on TV and online are only … [Read more...]