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TopicMortgages for homebuyers with good credit will cost more starting May 1st
NoxObscuras
04/25/23 3:27:20 PM
#41:


Alright, so I looked into this more. This news is definitely being misconstrued.

People with good credit scores will pay more than they used to. But they still pay significantly less than that with bad credit.

Basically the "reward" for having good credit will be smaller than it was, and the "punishment" for having bad credit will also be smaller than it was.

That's a pretty big difference from how it's being presented, where people with good credit pay more than people with bad credit.

https://www.mortgagenewsdaily.com/markets/mortgage-rates-04212023

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