Greenway Mortgage Blog

5 August 2022

MarketMinute | The Housing Market is Setting Records

The Fed's preferred inflation gauge, the PCE price index, rose 6.8% in June, the biggest annual move since 1982. Manufacturing activity continued to cool in July. More factories dialed back production in the face of shrinking orders and rising inventories. Despite signs of a slowing economy, the labor market remains in good shape. Last week's jobless claims came in at 260K, in line with estimates. Construction spending tumbled in June. Outlays on single-family homebuilding declined sharply amid rising mortgage rates....

1 August 2022

4 Biggest Real Estate And Mortgage Questions

It’s no secret the real estate market is in a constant state of shifts and changes. In uncertain times like these, naturally, questions will arise regarding rising rates, the housing market, and if we’re headed towards a recession. Lately, there has been four big questions coming up that we’d like to help answer to ease any uncertainty, especially for those looking to purchase a home this year. Let’s take a deeper look. #1: What’s Happening with Mortgage Rates? Rising mortgage rates are no doubt one of the biggest factors impacting the housing market right now. It is important to remember that the low rates of the last few years...

29 July 2022

MarketMinute | How did Fed action impact mortgage rates?

Inflation rose 9.1% in June, even more than the expected 8.8%. The increase seems to counter the narrative that inflation is peaking. With inflation still increasing, there is talk that the Fed may raise policy rates a historic 1 percent at their July meeting. The labor market remains strong despite recession concerns. Payrolls increased 372K in June, and wages rose 5.1% from a year ago. Demand for mortgages declined for the 2nd week, led by a dip in purchase apps, which fell 4% from the previous week....

26 July 2022

Adjustable Rate Mortgage

Is the home you want out of reach? In a time of rising rates and prices, the home you really want may be out of reach with the typical fixed-rate loan. But stretching further isn't really much of a stretch at all with an ARM—an adjustable rate mortgage. If you're skeptical, be assured they've changed for the better over the years. Here's How Adjustable Rate Mortgages Work: Most ARMs are hybrid. They are fixed for a period of time, usually 5, 7 or 10 years, before being subject to adjustments. During the initial period, rates (and monthly payments) will typically be lower than those offered by fixed-rate loans....

15 July 2022

MarketMinute | The Fed May Raise Policy Rates By How Much?

Inflation rose 9.1% in June, even more than the expected 8.8%. The increase seems to counter the narrative that inflation is peaking. With inflation still increasing, there is talk that the Fed may raise policy rates a historic 1 percent at their July meeting. The labor market remains strong despite recession concerns. Payrolls increased 372K in June, and wages rose 5.1% from a year ago. Demand for mortgages declined for the 2nd week, led by a dip in purchase apps, which fell 4% from the previous week....

GREENWAY BLOG

MarketMinute | The Housing Market is Setting Records

4 Biggest Real Estate And Mortgage Questions

MarketMinute | How did Fed action impact mortgage rates?

Adjustable Rate Mortgage

MarketMinute | The Fed May Raise Policy Rates By How Much?