Birdwatch Note Rating
2023-04-20 21:22:21 UTC - HELPFUL
Rated by Participant: 7937C1924A060AE96CB8E1513CE59851D1AFDC1B4F136EAAF43B512FA53DB6F5
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