Oil prices are edging slightly higher, while stocks and mortgage bonds are down just a bit, net result: mortgage rates are essentially flat for now.

On the Fed front, attention is turning to the path forward following Jerome Powell’s upcoming meeting this Wednesday. Leadership expectations are shifting, with Kevin Warsh being discussed as a potential next Fed Chair in the near term.

Why VantageScore matters

In short, VantageScore is designed to be more inclusive. It captures roughly 33 million more consumers than traditional FICO score models, with about 10 million of those scoring 620 or higher.

Back in 2018, Congress passed the Credit Score Competition Act, opening the door for models like VantageScore 4.0. The focus is on stronger predictive power and broader inclusion.

At its core, a credit score is meant to predict future behavior. With advancements in AI, the industry is moving toward more dynamic and inclusive underwriting, potentially expanding access to home financing for millions of borrowers.

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