Quicken Loans just offered me 4.375% on a 10 year conformiming loan.

What is a conforming loan?

417k and less.

 

Ah ha, I figured it was more like the opposite of a non-conforming loan or something like that....

Its a good question FR

 

Sounds like a 10 year I/O??

 

Interest Only I'm assuming you meant..........I hope not!

I haven't signed nothing yet.

 

A conforming 10 year due in 10 is around 4.375% today so that is a good rate.

Conforming loan is a loan that follows goverment subsidies guidelines such as Fannie Mae or Freddie Mac.

 

A conforming 10 year due in 10 is around 4.375% today so that is a good rate.

Conforming loan is a loan that follows goverment subsidies guidelines such as Fannie Mae or Freddie Mac.

So i'm guessing that is a good thing!hand