Non-conforming loan
Non-conforming loan
A non-conforming loan is a debt arrangement that doesn't meet certain defined standards. Most often the term is used in reference to mortgages; a non-conforming mortgage doesn't meet federal standards that qualify a loan for repurchase or guarantee by Fannie Mae and Freddie Mac.
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National Rates
| Loan Type | Today |
|---|---|
| 30 yr fixed | 4.83 |
| 15 yr fixed | 4.39 |
| 5/1 ARM | 3.69 |
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