Birdwatch Note Rating
2023-04-23 23:38:15 UTC - NOT_HELPFUL
Rated by Participant: C7796EBF078B2E81899C56BE651882458258B1FCE4FF3B2B86E3C001A591F880
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