I little help with the new conforming interest rates

Conforming rates have risen to:

  • 1 family: $822,375

  • 2 fam: $1,053,000

  • 3 fam: $1,272,750

  • 4 fam: $1,581,750

This will make about 4.8% more homes in Manhattan meet conforming guidelines. A conforming loan means the Fannie Mae or Freddie Mac would buy your debt, it makes the rate and terms easy for buyers.

This will help buyers or at least 4.8% of them.





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