Refinance - wait for a score boost?

[Anonymous]

Hello.

First post. My middle mortgage score is currently 696. I need to refinance - ideally this summer. What are the mortgage score thresholds to improve my rate? Is there a difference between 696 and 700? Is it worth to work toward a 720 score?

Thank you!

[Revelate]

Both, maybe.  Really depends what your LTV and what type of refinance you are doing but to give some idea check out Fannie's pricing adjustment guide:

https://singlefamily.fanniemae.com/media/9391/display