**** conforming means loans under $417,000. Conventional means Fannie Mae and Freddie Mac.
Your buyer’s interest rates can be locked in over the weekend, so if you have a client who is close to having an accepted offer and Is nervous about rates we can lock that interest rate in. Remember, we also have the float down: if rates improve more than .25% after lock-in and after full approval, the client gets the lower rate. All rates are quoted at a 45 day lock in and assume a 720 credit score with 20% down, except for FHA.