The Harrell Team at Fairway Home Mortgage

08/25/2025

🏃‍♂️Hurry, limited funds available... Healthcare Workers! School Staff Workers! First Responders! Public Safety Workers! Court Workers! Child Care Workers! Veterans , Active Duty, and Reserves!!! Ask me if you qualify!
www.HarrellTeamMortgage.com

08/01/2025

📣📈QUICK UPDATE ON MORTGAGES FROM THE FED AND JOBS NUMBERS THIS WEEK!
08/01/2025
Market Update 8/1/2025:
MBS is trading up from close, the Dow is down -543 points, and the S&P 500 is down -90 points this morning.

Currently, the futures market is pricing in an 81.9% probability of a 25 bps rate cut during the September 17th FOMC meeting and a 57.8% chance of an additional 25 bps rate cut during the October 29th meeting (CME FedWatch Tool).

Yesterday, MBS closed relatively flat as the market prepared for this morning’s Nonfarm Payrolls Report. This morning, NFP disappointed (+73K Actual vs +106K Forecast), and the Unemployment Rate ticked up month-over-month (4.2% July vs 4.1% June), strong evidence that the job market is softening. On another front, June Nonfarm Payrolls was revised significantly downward to just +14K from +147K, another strongly bearish sign for US labor. Additionally, the Private NFP significantly disappointed, and the Labor Force Participation Rate declined for the third consecutive month.

The bearish labor figures and downward revisions triggered a hugely bullish response in bonds, as futures are now pricing in an over 80% likelihood of a 25 bps rate cut in September, and over 50% likelihood of an additional 25 bps rate cut in October.

Additionally, the ISM Manufacturing PMI & Prices as well as the University of Michigan Inflation, Expectations, and Sentiment surveys came in largely bearish, further contributing to this morning’s bond market rally.

Currently, MBS is trading higher from where we released yesterday’s pricing.

There is no Fedspeak scheduled for today.
- Courtesy of Bryan Bjerk, FIMC

06/18/2025

IMPORTANT ANNOUNCEMENT FROM FLORIDA HOUSING

REGARDING THE 2025 HOMETOWN HEROES (HTH) LOAN PROGRAM

The Florida Legislature passed the 2025-2026 Fiscal Year Budget on June 16, 2025. The budget appropriates $50 million to Florida Housing in new funding for the 2025 HTH Loan Program but also requires significant changes from the 2024 Program. The budget is now on its way to Governor DeSantis and will not be final until his review and approval.

As it currently stands, the 2025 HTH Loan Program will only be available to borrowers who are employed full-time by a Florida-based employer in the following eligible occupations:

1) Healthcare worker;

2) School staff member;

3) First responder;

4) Public safety employee;

5) Court employee;

6) Childcare worker;

7) A servicemember of the United States military or military reserves, the United States Coast Guard or its reserves, or the Florida National Guard; or

8) A veteran employed full-time by a Florida-based employer.

The HTH funds will NOT be available on July 1st this year. Should the Governor approve these budgetary provisions, Florida Housing’s Board of Directors will first need to approve a list of eligible occupations. Florida Housing staff will then publish the new lender guide and conduct trainings highlighting the new program requirements.

Please do not call asking if an occupation qualifies. We will send out an announcement when we publish a new guide and a schedule for trainings as soon as possible. With your help, we look forward to another successful HTH program helping thousands of Florida citizens achieve their dream of homeownership.

05/30/2025

We're not crying, you're crying! Proud to be part of something more. 🐕‍🦺❤️🇺🇸

Fairway Independent Mortgage Corporation's non-profit American Warrior Initiative sponsored a three-day series of events in three states across New England. ...

11/26/2024

✨Breaking News!✨
Shopping for a this holiday season? Homebuyers and investors, now you have more buying power than ever before!🚀 💪
Effective immediately, the FHFA has raised the 2025 conforming loan limit to 💲$806,500!!
In high-cost areas, the limit soars to $1,209,750 — making dream homes a reality! 🏡
💡What this means:
• More flexibility
• Less need for Jumbo loans
• Bigger opportunities for your next move
Ready to explore what this means for you? Stay tuned — more updates are on the way!📈

10/15/2024

💪Back at it. Here to serve.
Thank you so much for everyone's support during this time.
Contact us for any home purchase and refinance needs.
www.HarrellTeamMortgage.com

08/20/2024

💯 committed. Back to alternative first time homebuyer programs!!! Ask me what else is available! Congrats to all of our clients that had the opportunity to take advantage of the Hometown Heroes program this year! 🏠 👏👏
The Harrell Team at Fairway Independent Mortgage

05/22/2024

📣NOW is the time to buy your new home, and we're here to help. Check out my interactive mobile app to get started on your home purchase options today! 🏠🤝

05/20/2024

Yay! Congratulations to all members! A unified voice is a strong one!

📢Our members have spoken and the merger of Pinellas REALTOR® Organization & Central Pasco REALTOR® Organization (PRO/CPRO) with Greater Tampa REALTORS® (GTR) has officially passed, making us one unified association and currently the 6th largest REALTOR® association in the nation! Members - please check your email for the full announcement, and stay tuned for more information.

03/12/2024

🤯It's truly shocking for clients when they find out what kind of options are available. Contact us with a scenario if your curious! Get some 💲 for your 🏠 👍

11/28/2023

👋BREAKING NEWS!👋
Conventional Loan Amount Limits Increase to $766,550
🏠🏡🏘🏢