Birdwatch Note Rating
2023-04-25 18:59:22 UTC - HELPFUL
Rated by Participant: E1EF63DD7902133340C115FA101CD4F771AE0B323C437D624B3434AE15F107A1
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