Birdwatch Note Rating
2023-04-24 10:21:54 UTC - NOT_HELPFUL
Rated by Participant: F1113096B25A8C54C62E2F4D83E62A05E5688D0E862DDBA8F5E7900066F3AF8E
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