Birdwatch Note Rating
2023-04-28 17:59:48 UTC - NOT_HELPFUL
Rated by Participant: 7C87BF1394146495D4D80785A9836AAB39B89730ADBEDAA81F70A56FD071CF3A
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