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)

mortgage rates: Peace – don’t Panic! - 08/07/11 04:01 PM
Unless you have been completely out of the “loop” and not in tune with what has been going on in the U.S. financial markets as of late - on Friday evening, Standard and Poor’s (the S&P) announced a cut/downgrade of the U.S. credit rating from AAA to AA+. Never in history has the U.S. been rated lower than AAA.
What does this really mean? What is the impact on what the S&P has to say regarding the downgrade of the U.S. Debt? Are they not the same organization that failed to downgrade any of the debt of the “sub-prime” mortgages that … (3 comments)

mortgage rates: Fannie Mae’s change to Cash out! - 07/22/11 12:24 PM
To date, Fannie Mae recently required a minimum of six (6) months to elapse between the time a borrower purchases a home and subsequently applies for a cash-out refinance. Fannie Mae now allows a cash-out refinance within six (6) months of a purchase transaction when no financing was obtained for the purchase transaction under the following parameters:                 
The new loan amount is not more than the actual documented amount of the borrower’s initial investment in purchasing the property, plus the financing of closing costs, prepaid fees, and points (subject to the maximum LTV, CLTV, and HCLTV ratios for the transaction).  The … (1 comments)

 
James Ward, Certified Residential Mortgage Specialist Houston  (Fairway Independent Mortgage Corp (Houston))

James Ward

Certified Residential Mortgage Specialist Houston

Houston, TX

More about me…

Fairway Independent Mortgage Corp (Houston)

Address: 3311 Richmond Avenue, Suite 329, Houston, TX, 77098

Office: (713) 528-0333

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