Birdwatch Note Rating
2023-04-20 20:12:22 UTC - HELPFUL
Rated by Participant: 4509E633C9A23BC8D0DA3DC1068A2593EE769BB299BE9B0218EF285EDBEA392B
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