Birdwatch Note Rating
2023-04-25 10:53:23 UTC - NOT_HELPFUL
Rated by Participant: 6A39D110258C1524C5C4BC5B2B187C0B1016F2C66AA890E983E0385601C3168F
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