"The New Normal" - Part IV: 30% of Americans Can't Qualify For A Mortgage Due to Low Credit Scores

...And of those who can qualify, 50% don't have credit scores high enough to receive the current,  historically-low 30 year fixed rate of 4.22%.

Zillow looked at 25,000 prospective buyers from Sept. 1 - 15th; even when the low credit score applicants had a 15-25% downpayment, they received zero offers. Read the WSJ, the Zillow blog, and see Realty Check.


In Charlottesville / Albemarle,  there