Trump’s economy (not Obama’s) is continuing to impress. With a new record-high FICO, the United States is doing better financially than it has in years.
704! That’s the new, record-high average FICO credit score among millions of Americans, and it’s positive news for home buyers, sellers, lenders and the economy overall.
What it signifies, according to Ethan Dornhelm, FICO’s vice president of scores and analytics, is that 10 years out from the housing bust and the global financial crisis, Americans are “making more judicious use of credit.” They’re using less than the maximum amount of credit available to them, paying their monthly mortgages on time, and exhibiting fewer glaring negatives in their credit-bureau files.