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Study Finds California Mortgage Applicants Have Highest Credit Scores

California mortgage applicants have the highest average credit scores in the nation, according to a state-by-state study conducted by the online mortgage-shopping service Mortgage Marvel. The average credit score in California is 755, a full 20 points higher than the national average. With California's well-publicized issues surrounding declining property values and foreclosures, the firm described the results of its study as ""interesting."" One exec commented, ""Many Californians have clearly figured out how to weather the financial storms.""

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