What does your credit score generally have to be in order to secure a good mortgage rate?

I have cleaned up my credit and my score is 661 right now. Should I wait until it gets over 700 before applying for a mortgage? Is there anything else I can do (besides paying bills on time) to get my credit score up a little higher? I did get approved but at a 12.9% rate and would rather rent and wait until I got higher.

Public Comments

1. 661 is considered not great, but very good so you should have no problem Pay down credit card debt to better your score good luck
2. Minimum of 600 before you're not a high risk.
3. over 650
4. The credit rating is used by the lender or investor to assess the risk of lending or investing money to the individual or the business.Credit ratings are usually calculated using the financial history of the person and also current assets and liabilities.Want more information???plz check http://www.acreditlibrary.com/creditrating.html