Birdwatch Note Rating
2023-04-20 23:36:43 UTC - HELPFUL
Rated by Participant: 95CF2012C21A6E9E85FB355D1E2F8F9C0D08782A54270E8EB408F578F85410E3
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