Birdwatch Note Rating
2023-04-25 01:08:01 UTC - NOT_HELPFUL
Rated by Participant: 3445E660CDF65548F7AEA7EF26C215A3A1A446FFB6F2E929ADA1F140D6BE319D
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