Birdwatch Note Rating
2023-04-27 22:31:07 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 1B976A2EC6A2E9265B88D31326C449A04E71EC8A1A4DFF7A550CE3D8B5228F38
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