Half of future home buyers waiting to improve credit before buying

Credit Report written in search bar on virtual screenrealtor.com

A lot of potential home buyers—especially first-time home buyers—are holding off on taking the mortgage plunge, in hopes they can get a better rate once they improve their credit scores.

That’s the finding of a new Experian survey about home buying and credit, which found that 34% of prospective buyers say their credit score might hurt their ability to purchase a home and that 45% have delayed a purchase to improve their credit score.

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