Birdwatch Note Rating
2023-04-20 19:02:24 UTC - SOMEWHAT_HELPFUL
Rated by Participant: C8FCF4BADE127B1D9945F0CD2D276539044B34014927A9560E92D02051880359
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