Birdwatch Note Rating
2023-04-20 11:50:56 UTC - HELPFUL
Rated by Participant: A7C15537C640F342CD0CEB49F658F068B1325DC129DE7FBC3B1AE6EACE7FF585
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/
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