GREENWAY BLOG

8 August 2025

MarketMinute | Rates fell this week!

Recurring unemployment claims jumped to their highest level since November 2021, indicating it’s harder for job seekers to find work. Expectations for a September Fed rate cut surged this week after last month’s jobs report revealed major downward revisions to prior data. Services activity stalled in July as orders flatlined and hiring weakened. Input costs saw their biggest jump in nearly 3 years. Goldman Sachs warned that housing will drag on economic growth in the 2nd half of the year....

READ MORE

1 August 2025

MarketMinute | Starter home sales are on the rise

The Fed held policy rates steady at this week’s meeting, as it monitors the economic and inflationary fallout from tariffs. June's PCE inflation index increased at one of the fastest paces this year, while consumer spending barely rose, demonstrating the effects of tariffs. Multiple reports this week showed the labor market remains resilient, supporting the Fed's stance to hold policy rates steady. Sales of starter homes grew 3.9% year over year in June, reaching a two-year high. Their...

READ MORE

30 July 2025

Best Ways to Use a Home Equity Line of Credit (HELOC)

  What Can You Use a HELOC For? A Home Equity Line of Credit (HELOC) gives homeowners flexible access to the equity they’ve built in their property. At Greenway Mortgage, we see this as a powerful tool to help borrowers take the next step—whether that’s upgrading their home, managing debt, or preparing for the future. With no hard restrictions on how the funds are used, a HELOC offers the freedom to reach both financial and personal goals. Let’s take a look at some of the most effective ways to put your HELOC to work. Best Ways to Use a HELOC: Home improvements Debt consolidation Education...

READ MORE

25 July 2025

MarketMinute | Home prices gains are higher in one segment

Jobless claims fell for a 6th week, underscoring the resilience of the labor market. Continuing claims held steady at 1.96 million. Consumer sentiment inched up in July to the highest level since February. Inflation fears eased, though concerns about future prices lingered. Leading indicators suggest the U.S. economy will slow. Tariffs are expected to drive up prices and weigh more heavily in the year's 2nd half. The median home price hit a record $435,300 in June, a 2% increase over last year....

READ MORE

15 July 2025

Is it a good idea to use a HELOC to consolidate debt?

  Why a HELOC is a Smart Choice for Homeowners Looking to Consolidate Debt Carrying a large debt can feel like walking around with a giant rain cloud over your head. Overwhelming debt usually comes from student loans, credit cards, personal loans, and auto loans. If you are a homeowner, a home equity line of credit (HELOC) could be a good way to consolidate debt and lower interest rates, making it easier to get out from under the cloud.    Key Takeaways: A HELOC can be a smart choice for homeowners looking to consolidate debt because it typically offers a lower interest rate. This makes paying off the loan easier, as the...

READ MORE