GREENWAY BLOG

A greener look at a mortgage process unlike anything you have
experienced before. Where experience, efficiency & integrity meet.

The Hidden Tradeoffs of Staying Put: Is Your Low Mortgage Rate Keeping You Stuck?

The Hidden Tradeoffs of Staying Put: Is Your Low Mortgage Rate Keeping You Stuck?

  It’s easy to stay put when your mortgage rate feels like a win. Low rates create comfort and for many homeowners, that comfort turns into hesitation about moving. If you bought or refinanced during the pandemic-era rate drop, you likely locked in a historically low number. In 2021, rates hit record lows near 2.65% [1], and even today, more than half of homeowners are still below 4% [2]. This has fueled what’s known as the “lock-in effect,” where homeowners delay moving simply to preserve their current rate. And understandably so. When you’re holding a 3% or 4% mortgage, the idea of moving into today’s higher-rate environment can...

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MarketMinute | What do stable rates and employment mean for housing this week?

MarketMinute | What do stable rates and employment mean for housing this week?

  According to the Fed's Beige Book, employment remained stable in recent weeks, but inflation continued to rise across much of the country. Job openings climbed to their highest level in nearly two years, though companies pulled back on hiring, creating mixed signals for the economy. ADP reported that private companies added 122,000 workers in May, up from April and better than the Dow Jones consensus estimate for 110,000. Residential construction spending rose 0.8% in...

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Homeownership Costs Are Climbing. Here’s What You Can Do

Homeownership Costs Are Climbing. Here’s What You Can Do

  One of the biggest advantages of owning a home has always been stability—especially with a predictable monthly mortgage payment. For many homeowners, the 30-year fixed loan continues to provide that consistency. But the mortgage itself is only part of the picture. In reality, the full cost of owning a home includes much more than principal and interest. Expenses like insurance, property taxes, utilities, and ongoing maintenance have all increased significantly in recent years. In 2025 alone, these non-mortgage costs rose about 4.7%, outpacing household income growth of 3.8%.[1] Why Are Homeownership Costs Rising? Today, the average homeowner...

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MarketMinute | Mortgage applications are rising

MarketMinute | Mortgage applications are rising

    Applications for unemployment benefits rose slightly last week, but remain at a level consistent with a stable labor market. Another key inflation reading shows the 12-month inflation rate at 3.8%, much higher than the Fed's target rate of 2%. Final gross domestic product readings for the first quarter came in softer than preliminary readings, falling from 2% to a final reading of 1.6%.     April's new home sales were lower than...

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MarketMinute | Are rising rates diminishing demand?

MarketMinute | Are rising rates diminishing demand?

  Last month's Fed minutes showed officials are no longer considering policy rate cutes but instead are weighing rate hikes as inflation moves higher.   Applications for unemployment benefits remained low last week, signaling layoffs are still relatively limited despite recent job cut announcements.   Economists expect inflation to worsen in the coming months, with consumer prices projected to rise as much as 6% in the second quarter.   Builder sentiment edged higher in May despite rising rates, economic uncertainty, and high construction costs.  ...

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