GREENWAY BLOG

16 January 2023

Investment Funds May Be Hiding In Your Mortgage

  Did you know that investment funds may be hiding in your mortgage? It's true! You may have more to invest than you think.  A mortgage is the single largest liability most people ever assume. Do your realize its proper management is as important as for any investment? 30-Year vs 15-Year Loan Which is best the best option? A 30-year or a 15-year loan? Many homeowners want to pay their home loan off as soon as possible, but the value of putting their money into long-term savings and investments often trumps a rapid amortization of principal. Why pay down the balance on a home loan, only to borrow again later to pay for the kids'...

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13 January 2023

MarketMinute | Looking For Rate Predictions?

More new jobs than forecast were created in December. However, wage growth was lower than expected, helping mortgage rates. Inflation continued to slow in December, signaling prices have peaked and giving markets hope the Fed will slow the pace of interest rate hikes. Weakening demand in December led to the first services industry contraction in more than 2-1/2 years, signaling a slowing economy. Mortgage applications rose 1.2% last week over the previous week, although purchase applications were down...

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6 January 2023

MarketMinute | How Does 2023 Look for Refinances?

  Demand for employment remained high in November as companies looked for workers to fill positions despite worries of a looming recession. Minutes from last month's Fed meeting showed officials were still focused on stamping out inflation but gave few clues about future rate hikes. A December reading of the manufacturing sector showed factory activity slowing down. The prices producers paid their suppliers fell.   A large drop in mortgage applications last week made headlines....

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3 January 2023

9 Easy Steps for Making an Offer On Your Dream Home

  New Year, New Home? Understanding how to make an offer on your dream home will be key to getting the best deal possible. And we’ve got the “how-to” guide just for you; and there’s only easy steps to follow. We’ll outline them below. #1: Get Pre-Approved First and foremost, step number one should always be getting preapproved. Getting pre-approved is the real deal, especially if you’re serious about purchasing a home. A pre-approval letter is a statement from the lender that you qualify for a specific mortgage amount based on an underwriter's review of all of your financing information ( credit report, pay stubs,...

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30 December 2022

MarketMinute | How are the markets finishing the year?

The dollar is ending the year on the defensive, having given back roughly half of its 2022 gains, as investors bet inflation is slowing. Jobless claims rose only modestly last week and held near prepandemic levels, suggesting the labor market remains historically tight. Purchasing power of middle-income household paychecks fell 2.9% in 2022, as inflation hit middle earners harder than other groups. Month-over-month house prices were flat in October, changing 0.0%, according to FHFA. Prices rose 9.8%...

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