how much would my interest rate change if i increase my credit score?

There is no assurance that rates will stay near these historic lows. In today's market, there is little, if any, interest rate advantage to you, when your score is over 720. If your debt ratio allows you to accomplish the transaction you desire, act now, to avoid disappointment later.

There is no advantage to 760-770 range. In fact, most lender's benchmark credit scores for what we call "prime" interest rates are at 740. Besides, 735 is not what your mortgage credit score is unless you have had another mortgage company pull your credit for you. There are different algorithms for different creditors - FICO is for credit cards, which can be obtained by most free credit sources - while mortgage and auto finance companies rely upon their own credit algorithm to determine score. Chances are great your scores are actually higher due to the median we would work from.I would suggest calling me to find out where you actually stand. Feel free any time to reach me - 317-450-8394. I'm a licensed mortgage loan originator that can help you get the best rate out there as I work for a locally owned and operated mortgage broker with access to over 20 different lenders. I'm looking forward to your call as it would be my honor to serve you.