Birdwatch Note Rating
2023-04-24 18:57:47 UTC - SOMEWHAT_HELPFUL
Rated by Participant: EF6DA07D69E02138E2828EECFA58C2A6EBF1073CE05E4F1BB6A6A150B5973D5C
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