Birdwatch Note Rating
2023-04-28 17:59:48 UTC - NOT_HELPFUL
Rated by Participant: DE0D9224A0874A11CDA728F166A32AF5FB9359930A6B26035E00EA0051D6C6B9
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