Need More Proof That FICO Credit Scores Matter?

Fannie Mae and Freddie Mac, which fund more than three-quarters of new home loans in the US, are raising their fees to counter what they say are continuing “adverse conditions” in the real estate market. Your FICO credit score, the amount of your down payment, and the duration of the loan you are applying for can push the cost of a new mortgage higher by tens of thousands of dollars over the full life of the loan.