Home buyers who financed the purchase of their house and had high credit scores saw rates that were 59 basis points better than their poor-credit counterparts. Loan amounts fell with credit scores.

Borrowers on loans used to purchase single-family properties who have a credit score of at least 760 had an average annual percentage rate of 4.18 percent during October.

But for borrowers whose scores ranged between 620 and 639, the average APR was 4.77 percent. In the midrange — scores between 680 and 719 — APRs averaged 4.44 percent.

Source: Mortgage Daily