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Beatlelvr

(626 posts)
Sun Apr 23, 2023, 10:22 AM Apr 2023

RW media reporting higher mortgage rates for good credit buyers

Anybody see this? Newsnation and Fox are reporting people with high credit rating will pay higher rates to offset those with lower ratings. Doesn't make sense, if true, in year before an election.

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RW media reporting higher mortgage rates for good credit buyers (Original Post) Beatlelvr Apr 2023 OP
Maybe it's a test. Turbineguy Apr 2023 #1
CNN recap here underpants Apr 2023 #2
That article sounds reasonable. The rightwing crap I heard is FoxNewsSucks Apr 2023 #4
I heard that story. They are claiming that the extra FoxNewsSucks Apr 2023 #3
MSM will follow right along I'm sure. underpants Apr 2023 #5
Looking at a new car in the next few months. multigraincracker Apr 2023 #6
I thought Rebl2 Apr 2023 #7
I am still confused... Thunderbeast Apr 2023 #8

Turbineguy

(37,431 posts)
1. Maybe it's a test.
Sun Apr 23, 2023, 10:35 AM
Apr 2023

They need people who believe them. It's like the old Get Smart line, "Would you believe......"

FoxNewsSucks

(10,452 posts)
4. That article sounds reasonable. The rightwing crap I heard is
Sun Apr 23, 2023, 10:39 AM
Apr 2023

making it sound like it's just another socialism handout to "poor people".

FoxNewsSucks

(10,452 posts)
3. I heard that story. They are claiming that the extra
Sun Apr 23, 2023, 10:36 AM
Apr 2023

will go to subsidize poor people.

It's not true, but try telling that to the slack-jawed drooling MAGAts who believe all the other lies coming from Fox, OAN and NewsMax.

multigraincracker

(32,783 posts)
6. Looking at a new car in the next few months.
Sun Apr 23, 2023, 11:22 AM
Apr 2023

Plan on paying cash. Have a great credit score because I never borrow money for longer than the end of the month.

Rebl2

(13,635 posts)
7. I thought
Sun Apr 23, 2023, 11:24 AM
Apr 2023

I heard on local news rates had come down a little bit for mortgage loans. Then a day later on national news I heard rates were a little higher.

Thunderbeast

(3,433 posts)
8. I am still confused...
Sun Apr 23, 2023, 12:06 PM
Apr 2023

The FoxNews rant claims that the program subsidies for folks with low credit scores are paid for by higher rates for those with good scores. I see no reference to the higher costs in the CNN article.

The article seems to infer that if you have good credit, you would be unlikely to use an FHA mortgage, and that conventional loans are not impacted by higher rates.

I have to believe that the rage is fueled by a kernel of fact somewhere...but where?

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