Finance
A North Dakota buyer with a 680 credit score versus a 760 credit score will typically receive:
AThe same interest rate regardless of score
BA higher interest rate with the lower 680 score due to increased perceived credit risk✓ Correct
CBetter terms because lenders prefer middle-range scores
DAutomatic denial with a 680 score
Explanation
Credit scores directly impact mortgage interest rates. A higher credit score (760) typically qualifies for lower rates, while a lower score (680) reflects higher perceived risk, resulting in higher rates. The difference can amount to thousands of dollars over the loan term.
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