Biden Order Raises Interest Rate for Good Credit to Subsidize Those With Lower Scores
- Lone Star Truth Initiative
- Apr 21, 2023
- 1 min read
Set to take effect in May, the Biden administration through Freddie Mack and Fannie Mae, will charge a higher interest rate for those with good credit apply for a home mortgage. Those with lower scores, will then see their rates adjusted due to those with good credit.