GREENWAY BLOG

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

MarketMinute | New home sales are up and new mortgage payments are down

MarketMinute | New home sales are up and new mortgage payments are down

The economy grew faster than expected in the 4th quarter, fueled by strong consumer spending and defying predictions of a recession in 2023.  Initial jobless claims rose 25K last week to 214K. Although that is the highest level in a month, it still signals a strong labor market. Orders for durable goods, or products made to last at least 3 years, were unchanged in December. Economists had expected a slight increase. New home sales surged 8% in December and were up 4% in 2023, even as higher...

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Your Step-By-Step Roadmap To Mortgage Pre-Approval

Your Step-By-Step Roadmap To Mortgage Pre-Approval

  Getting Started On Your Home Buying Journey Getting a home loan may feel like an epic journey at times, but with the right guidance it can be easily conquered. Before you begin, reach out to a Greenway Loan Officer to discuss your financial situation so we can work on a plan to get you into the home of your dreams. Feel free to click below and receive your complimentary Mortgage Pre-Approval Roadmap Brochure . It includes tools to help you monitor your monthly budget as well! Succeed with a Mortgage Pre-Approval After speaking with a Greenway Loan Officer, we’ll be able to assess your financials and determine the size of the...

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MarketMinute | How are recent rate drops affecting builders and buyers?

MarketMinute | How are recent rate drops affecting builders and buyers?

Retail sales rose at the strongest pace in 3 months in December, topping expectations for holiday shopping and signaling a resilient economy.  The Fed’s latest Beige Book snapshot of the economy reported little or no change in economic activity for December through early January. The labor market continues to show resiliency. Last week's jobless claims posted an unexpected drop to the lowest levels since September 2022. Homebuilder sentiment improved for the 2nd straight month in...

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Leverage Your Home’s Equity for A Brighter 2024!

Leverage Your Home’s Equity for A Brighter 2024!

  In the ever-evolving landscape of personal finance, leveraging your assets to secure a brighter future has become a prevailing theme. If you're still grappling with high-interest debts from last year or envisioning major life changes, your home's equity could be the key to unlocking newfound financial freedom. Let's explore how tapping into your home's equity can jumpstart your journey to regain control and turn your dreams into reality. #1: High-Interest Debt is SO Last Year! High-interest debts can weigh heavily on your financial well-being, limiting your options for growth. However, your home's equity presents a unique opportunity to...

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MarketMinute | How does today's housing inventory compare to last year's?

MarketMinute | How does today's housing inventory compare to last year's?

Consumer inflation came in slightly higher than expected, led by housing costs. However, the pace of core inflation slowed a little.  Jobless claims dropped to 202K last week, coming in less than expected at the lowest level since October. Markets continue to price in the likelihood of a March Fed rate cut, despite Fed officials’ signals they will hold rates longer. A recent Fannie Mae survey showed more consumers think it is a good time to buy a home. More also expect rates to fall in...

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