Birdwatch Note Rating
2023-04-27 21:29:51 UTC - HELPFUL
Rated by Participant: 7074C2601814078B437D2E0E7BEF3C273E065F54D923310CCB0142495FF25C9A
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