A bankruptcy proceeding can bump doing 200 situations off the credit history
The attention cost to own a mortgage loan immediately following personal bankruptcy are different, depending on the loan together with borrower’s credit rating.
Rates go up and down, depending on financial items. By way of example, from inside the 2020 and you can 2021, brand new You.S. Federal Set aside kept interest levels over the years lower. While cost fluctuate, the brand new pit involving the rate for a borrower with a high credit history plus one having a reduced credit rating stays regarding the an identical.
It chart, indicating costs regarding 2021, measures up rates for various version of fund and exactly how it vary having fico scores: