GREENWAY BLOG

31 July 2026

MarketMinute | The Fed left rates unchanged

  The Fed left its policy rate unchanged this week, but markets are still betting on at least one hike before the end of the year. Economic growth was weaker than expected in the second quarter. GDP, a broad measure of goods and services, grew just 1.5%. The Fed's favored gauge of inflation, the PCE index, came in at a 3.7% annual rate for June. Core inflation was up only 0.1% for the month.   New home sales rebounded in June, but higher mortgage rates and affordability challenges continued to keep many buyers on the sidelines. Rising mortgage rates led to a 6.4% drop in mortgage...

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28 July 2026

What are Non-QM Loans?

  What Are Non-QM Loans? When traditional mortgage guidelines don’t fit your financial situation, a Non-QM loan may offer another path to home financing. Non-QM, or Non-Qualified Mortgage , loans are designed for borrowers who may not qualify for a conventional mortgage due to unique income sources, higher debt-to-income ratios, or certain credit events. They offer more flexibility in how income and financial qualifications are evaluated. While these loans can provide more options, they may also come with different qualification requirements, including higher down payments or interest rates.     Common Types of...

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24 July 2026

MarketMinute | Mortgage applications rise despite higher rates

Import prices rose more than expected in June. Price growth in nonfuel segments signals inflation is affecting more than just energy prices. The share of job seekers out of work for six months or longer reached 27.3% in June, hovering near its highest level since late 2021. Next week's Fed meeting is one of the most uncertain in years, with markets split on whether policymakers will hold rates or raise them. The Wall Street Journal reports baby boomers are increasingly upsizing their homes in retirement, reversing traditional expectations. As the housing...

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20 July 2026

Mid-Year Mortgage Update 2026

  The market is opening. Opportunity is too. We’ve reached the mid-point of the year, so it’s time to offer my take on the housing market and where we go from here. The Rate Reality Rate news is mixed. As of June 11, 2026, Freddie Mac reported a 30‑year fixed rate average of 6.52%. It’s higher than the historically low rates we remember from the early 2020s but lower than the same week last year, when they came in at 6.84%. [*1] Where will rates go from here? At their June meeting, the majority of members of the Federal Reserve Board forecast at least one policy rate hike before year’s end. However, geopolitical...

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10 July 2026

MarketMinute | Existing home sales rise as home prices reach an all-time high

  Last month's Fed meeting minutes showed growing concern among Fed members over inflation, though labor market worries waned. Unease over the state of the ceasefire with Iran and shipping in the Strait of Hormuz pushed oil prices higher. Weekly jobless claims ticked down to 215K, lower than expected, indicating labor market stability despite slow job growth in June.       June existing home sales were 2.8% higher than a year ago as home prices reached an...

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