Biden rule will redistribute high-risk loan costs to homeowners with good credit
A new federal rule will make borrowing for a home more expensive for those with high credit scores to subsidize loans to higher-risk borrowers.
www.foxnews.com
You work your ass off, made good decisions, pay your bills on time, sacrificed, saved your money for a sizable down payment on your new home and will now be charged a higher interest rate on your mortgage than those that didn't. SMFH
Looking at the bright side, last time Democrats did this the economy almost collapsed and I was able to buy houses for pennies on the dollar. Looking forward to it.