https://www.yahoo.com/news/biden-rul...211102885.html
"Biden rule will redistribute high-risk loan costs to homeowners with good credit"
"A Biden administration rule is set to take effect that will force good credit home buyers to pay more for their mortgage to subsidize loans to higher-risk borrowers."
"Federal Housing Finance Agency Director Sandra Thompson said the new rules are designed to "increase pricing support for purchase borrowers limited by income or by wealth" and comes with "minimal" fee changes."
It's just a "minimal" fee on your rates... you can afford it. No big deal.
Bit, by bit, socialism creeping in....
You will now pay higher rates, for being responsible with your finances. You now get to pay more, so others may pay less.
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