houston texas mortgage rates: Fed Tapering QE & Mortgage Rates
- 12/18/13 07:18 AM
Houston, TX: The Federal Reserve announced today that it will begin to taper its bond-buying program known as Quantitative Easing (QE). This is the result of our nation’s strength in recovery but bad news for consumers who are certain to see mortgage rates increase. The speculation that the Fed would taper in September 2013 led interest rates to rise by more than a full point over the summer. The tapering of QE, along with several new mortgage industry regulations (i.e. QM) taking place in January 2014 will negatively impact the borrower attempting to qualify for mortgage financing beginning this new … (9 comments)
Houston, TX: The Federal Reserve announced today that it will begin to taper its bond-buying program known as Quantitative Easing (QE). This is the result of our nation’s strength in recovery but bad news for consumers who are certain to see mortgage rates increase. The speculation that the Fed would taper in September 2013 led interest rates to rise by more than a full point over the summer. 
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