What is acre?
The Bankrate.com financial term of the day is: "Acre"
Maybe you've heard of the old TV show "Green Acres," the novel "God's Little Acre" or the saying "40 acres and a mule." But just what is an acre? It's a unit of land equal to 43,560 square feet -- not quite the size of a football field.
If you've got a plot of land 180 feet by 242 feet, the calculator in your phone will show that you've got yourself an acre.
To shop for the perfect home loan, visit the Mortgages section at Bankrate.com.
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The conforming loan limit will stay at $417,000 for one-unit properties in most U.S. counties, the Federal Housing Finance Agency said Wednesday.
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