Birdwatch Note Rating
2023-04-24 04:36:20 UTC - HELPFUL
Rated by Participant: 0640B00D38D5B97687AC45D04D869830C3C87D6982BED01E21A5818D7DE0F170
Participant Details
Original Note:
This graphic implies that a 620 credit score will get a better rate than a 740 score. That is not the case. While there is a greater decrease in rates, the actual LLPA rate remains higher overall for low scores. An 82% LTV purchase will be 1% for 740, but 2.875% for 620. https://www.mortgagenewsdaily.com/markets/mortgage-rates-04212023
All Note Details