My Comment: "If you have done everything right to create good credit the current administration will penalize you for your effort with higher interest for your mortgage. If you pay 10% down or more you will pay even more. The money achieved from this punitive action goes to those who have not chosen to try to maintain good credit. These are the same policies that took place in the early 2000s. The default rate on the loans was as high as 20.9%. Of course that had to be subsidized with tax money. Stupid fiscal policy but no problem because they use our tax dollars. Grrr!"
Article:
Homebuyers with higher credit scores will see higher mortgage costs
Washington Times: Those costs will subsidize those with riskier credit ratings
Expert: It's an "ugly surprise" for people who worked to build their credit.