Birdwatch Note Rating
2023-04-24 15:23:17 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 88FAFBE6A5B046A00F62B28000B8E03CDEA4A5580056C04CE00753029C7F22D0
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