Birdwatch Note Rating
2023-04-24 11:13:49 UTC - NOT_HELPFUL
Rated by Participant: 8AA014C39E0AF21DD22559F99E20B320E164F39C6DD9A3A225DA9145D2174FD8
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