Birdwatch Note Rating
2023-04-20 19:20:26 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 15266D6A9D79B6CA10A45A75B00BD0C94AEB955FCA707483B45C6BCA3914CF11
Participant Details
Original Note:
The rate change only applies to federally backed mortgages taken after May 1, 2023. Low-credit buyers will continue to pay higher fees than high-credit buyers. "The LLPA changes will result in an average price hike of 0.03% to 0.04%, the equivalent of a few dollars per month" https://nypost.com/2023/04/16/how-the-us-is-subsidizing-high-risk-homebuyers-at-the-cost-of-those-with-good-credit/
All Note Details