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.