I still owe Kyle a lot for his channel. He did a video back in 2021 where he actually recommended the BoA grant programs. I ended up with $12,700 in free grant money, a 2.6% interest rate and a all-in mortgage payment under $1,300 in rural Illinois. Kyle I owe you an expensive bottle of bourbon or whatever your drink of choice is brother.
So I'm watching other channels and it seems the rate for excellent credit is 7%. We are working on raising our credit score we are below 640. What is the rate at 640 or do we just wait til we reach 700 score?
You can look up the 30 year fixed rate on the FRED website. St Louis FED has data going back 50 years. Before 2020 it hovered around 4% with ZIRP, but around 6% is the historical average.
I still owe Kyle a lot for his channel. He did a video back in 2021 where he actually recommended the BoA grant programs. I ended up with $12,700 in free grant money, a 2.6% interest rate and a all-in mortgage payment under $1,300 in rural Illinois. Kyle I owe you an expensive bottle of bourbon or whatever your drink of choice is brother.
So I'm watching other channels and it seems the rate for excellent credit is 7%. We are working on raising our credit score we are below 640. What is the rate at 640 or do we just wait til we reach 700 score?
What was the interest rate prior to Covid?
You can look up the 30 year fixed rate on the FRED website. St Louis FED has data going back 50 years. Before 2020 it hovered around 4% with ZIRP, but around 6% is the historical average.