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Interest rates remain low

August 3, 2020 By Geoffrey Disch Leave a Comment

Green Escrow Services | American economy

The good news is that the Federal Reserve is keeping its benchmark interest rate close to zero. While it’s not directly linked to mortgage rates, it does bear a strong influence.A

The not-so-good news is that lending standards have gotten stricter as banks are concerned about the long-range economy.

Analysts say that consumers with a credit score above 700 will most likely get the best rates while those with lower scores may have difficulty securing a loan.

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Filed Under: Credit Tagged With: Federal Reserve rate

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