GREENWAY BLOG

29 September 2023

MarketMinute | Home price increases persist

Consumer confidence dropped to a 4-month low in September, as consumers continued to feel the pressure of inflation. Orders for durable U.S.-manufactured goods rose in August. An increase in machinery and other products offset a drop in business spending. Last week’s unemployment claims fell to the lowest level since January, indicating a healthy labor market.   Pending home sales dropped 7.1% for the month in August, as mortgage rates surged to levels not seen in 20 years....

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26 September 2023

How Does a Home Equity Line of Credit (HELOC) Work?

  Establishing a line of credit to access your home’s equity is an important decision! You now have a flexible tool you can leverage to fund important endeavors, improve your home, or help support your financial well-being. How does your HELOC work? Here are some guidelines for typical HELOCs. If you have an agreement currently, check it for the specifics related to your account. Spend your cash Most people find it convenient to access their funds through account transfers or checks. There are no restrictions on how you spend your funds. If you direct them to home repairs or upgrades, the interest may be tax deductible. Consult your...

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23 September 2023

Fall Home Maintenance Checklist: Preparing Your Home for the Season

  As the leaves begin to change and the air turns crisp, it's that time of the year when we welcome the beauty of fall into our homes. While hanging wreaths and lighting pumpkin spice candles add a cozy touch to the season, there are essential home maintenance tasks that every homeowner should tackle to ensure a smooth transition into autumn. In this blog, we're providing you with a free Fall Home Maintenance Checklist to help you prepare your home for the changing seasons. Why Fall is the Perfect Season for Home Maintenance Fall offers the ideal conditions for taking care of your home. With generally dry weather and moderate temperatures,...

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22 September 2023

MarketMinute | Home Values Continue to Rise

The Fed kept policy rates unchanged at the September meeting. They signaled one more hike in 2023, while cuts are less likely in 2024. Jobless claims fell last week to the lowest level since January, indicating a healthy labor market. The average credit card interest rate hit an all-time high. Total credit card debt topped $1 trillion for the first time ever. High mortgage rates pushed homebuilder confidence to the lowest level since April, as more buyers are waiting to purchase....

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20 September 2023

Fed Meeting September 2023: The Feds Held Rates

  Mortgage rates don't always follow Fed actions. The Federal Reserve Board left policy rates unchanged at their most recent meeting, as expected. Mortgage rates may not remain steady, though. Mortgage rates have a mind of their own. Mortgage rates are based on the demand for mortgage backed securities (MBS). Investors are more interested in what the Fed may do next than what they just did. The Fed gave us some hints: Probably more hikes to come. In a statement issued after their meeting, the Fed reiterated their goal of keeping inflation at 2% and affirmed that future actions will depend on economic indicators. However, the...

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