Birdwatch Note Rating
2023-04-23 23:13:26 UTC - HELPFUL
Rated by Participant: B46099F2A913B5EA7E0BBDB062A99E7DFE954D257CDFFED64DAA1466528115EC
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