(RECAP: Millennials are less concerned about buying a home before interest rates increase, and more concerned that they won’t be able to find a home they want, according to a report from Trulia. There is, however, good news for Millennial homebuyers who do step into homeownership. The average FICO score of Millennial borrowers who closed on a mortgage in June rose to 723, up from 722 in May and 721 in April. For the third month in a row, FHA made up 37% of closed loans in June among Millennial homebuyers. This is compared to 60% who used conventional loans.)
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