Owning a home is an important part of the American dream and an important part of our way of life. Values such as individuality, thrift, responsibility, and self-reliance are embodied in homeownership. National Homeownership Month actually started as a week-long celebration of homeownership during the Clinton administration in 1995. In 2002, President George W. Bush proclaimed June as the National Homeownership Month . Here is an excerpt from his proclamation: “Homeownership is an important part of the American Dream…A home provides shelter and a safe place where families can prosper and children can thrive. For many Americans, their home is an important...READ MORE
For the Week Ending June 7, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Mortgage rates continue to improve as mortgage bonds reach levels not seen since 2017. The outlook remains good that rates could go even lower this year. As U.S. trade tensions have increased, so have concerns about a global economic slowdown, helping mortgage rates remain low. The Fed is starting to signal it is open to easing...READ MORE
For the Week Ending May 31, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Economic growth in Q1 accelerated, but momentum is slowing. Inflation pressures were much weaker than initially thought, supporting lower rates. Consumer confidence rose in May to its highest level since December 2000, thanks in large part to a healthy job market and rising wages. However, concerns over a slowing economy and inverted bond yield curves...READ MORE
Ever wonder why millennials are choosing to buy instead of rent? Well, according to NerdWallet's Millennials & Homebuying Study, the top 5 reasons young renters choose to own are the following: Some Highlights: “The majority of millennials said they consider owning a home more sensible than renting for both financial and lifestyle reasons — including control of living space, flexibility in future decisions, privacy and security, and living in a nice home.” The top reason millennials choose to buy is to have control over their living space, at 93%. Many millennials who rent a home or apartment prior to buying their own...READ MORE
For the Week Ending May 24, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Last month's Fed meeting minutes show officials are in no hurry to move interest rates up or down, though investors are looking for a rate cut by year's end. Recent escalation in the trade war with China has helped keep rates low and could cause more slowdown in the global economy, also helpful for low rates. Consumers...READ MORE
In 2017 and 2018, Greenway Mortgage was awarded Best Mortgage Company in Monmouth County, NJ by the Asbury Park Press' Reader's Choice Awards.