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The higher your credit score, the lower the interest rate on the mortgage. Borrowers with high credit scores tend to get lower interest rates on mortgages than borrowers with low credit scores. A credit score of 740 or higher qualifies for the best interest rates from most lenders.
The higher your score, the better. The majority of scores are in the 600-700 range. Scores of 700 and above are considered prime and can get you much better interest rates on loans. Having a score below 700 does not mean you will be denied credit, but you'll pay more for it.