GREENWAY BLOG

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

MarketMinute | Will the government shutdown impact housing?

MarketMinute | Will the government shutdown impact housing?

According to ADP, private payrolls saw their biggest decline in 2 1/2 years during September, a sign of labor market weakening. Despite essential services staying open, the government shutdown means key reports won’t be released, including Friday’s jobs report. Markets are already betting the shutdown will contribute to weakening the economy. There's increasing speculation of further Fed rate cuts. Pending sales of existing homes increased solidly in August to the highest level in 5...

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MarketMinute | Prices and new home sales rise

MarketMinute | Prices and new home sales rise

Initial jobless claims dropped last week to the lowest level since mid-July, signaling that most companies are hesitant to lay off current staff. The U.S. economy grew at its fastest pace in nearly 2 years last quarter after consumer spending was revised higher. Businesses say tariffs are driving up input costs, but weak demand keeps them from raising prices, squeezing margins across sectors. New-home sales jumped in August to a 3 1/2-year high, helped by lower mortgage rates and strong builder...

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MarketMinute | The Fed rate cuts rates

MarketMinute | The Fed rate cuts rates

The Fed cut its policy rate by a quarter point this week. Forecasts from Fed members indicate 2 more cuts could be coming this year. However, Fed Chair Powell noted the Fed's job could get more difficult as members balance the tension between rising inflation and a worsening job market. After an unusually large jump the previous week, initial jobless claims dropped last week by the most in nearly 4 years, falling by 33K. Builder confidence in the housing market remained unchanged in September,...

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MarketMinute | Lower rates helped move some potential homebuyers off the fence

MarketMinute | Lower rates helped move some potential homebuyers off the fence

Consumer inflation rose in August to 2.9% year-over-year, the fastest pace of inflation since January. Tariffs are seen as the primary driver. After jumping in July, wholesale inflation decelerated in August and was weaker than expected. The slowdown supports possible Fed rate cuts. Jobless claims last week reached their highest level in 4 years, signaling layoff activity may be on the rise amid a sharp slowdown in hiring. Lower rates helped move some potential homebuyers off the fence. Purchase apps...

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Be Refi Ready: Why Preparing Early Can Save You Thousands

Be Refi Ready: Why Preparing Early Can Save You Thousands

  Refinancing your mortgage can be a smart way to save money, reduce monthly payments, or pay off your loan faster. With interest rates constantly changing, being prepared in advance can help you take advantage of the best opportunities. Why Being Refi Ready Matters: Interest rates don’t stay low forever. When they dip, homeowners who have all their documents and finances in order can refinance quickly and take advantage of savings. Delaying preparation can mean missing out on significant financial benefits. Markets are eyeing potential Federal Reserve rate cuts this fall of 2025. While the Fed doesn’t set mortgage rates directly, its decisions...

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