Greenway Mortgage Blog

9 September 2022

MarketMinute | Is For-Sale Inventory On The Rise?

The service industry picked up in August for the 2nd straight month, reinforcing the view that the economy is not yet in a recession. Last week’s jobless claims hit a 3-month low, underscoring the robustness of the labor market despite the Fed’s rate increases. Comments from multiple Fed officials showed they remain optimistic about the economy while still committed to battling inflation. With rates reaching highs last seen in June, purchase mortgage apps were down slightly for the week and 23% lower than a year...

6 September 2022

5 Reasons to Work With A Mortgage Lender

Working with a local mortgage lender in a hot housing market is key. If you’ve ever mentioned the phrase “mortgage company” many people initially think of big national companies. But working with a local lender like Greenway Mortgage can come with several advantages over those bigger companies. We’re here with you every step of the way. That means we can offer you better rates, personalized service, and advice whenever you need it. And most importantly, we’re here to help you make a smart home purchase that works for you. Let’s take a deeper look at the 5 reasons to work with a mortgage lender. Reason #1: We offer Competitive...

2 September 2022

MarketMinute | How many sellers chose FSBO in 2021?

Consumer confidence rebounded more than expected in August after 3 straight monthly declines, a positive sign for consumer spending. Last week’s jobless claims fell to their lowest level since June, signaling labor market resilience amid a slowing economy. Fed comments from Jackson Hole last week have led markets to expect a larger policy rate hike in September. Purchase mortgage applications dropped 2% for the week and were 23% lower year over year. Refi apps also fell....

30 August 2022

The 7 Property Types Explained

When it’s time to buy a new home, it helps to know not only where you want to live, but also what type of home you’ll choose. From single family homes to condos and townhouses, each property type has unique characteristics to understand before you buy. Below you’ll find the differences between seven common property types. After reading through each you’ll have a better idea of which one best suits your lifestyle and needs. Let’s start with Single family homes. Single Family: A single-family home, or stand-alone house, is the most common and popular type of home. Some single-family homes are in subdivisions or...

26 August 2022

MarketMinute | Are first-time buyers still in the market?

New orders for durable goods increased in July, but the pace slowed from the prior month, suggesting a moderate rebound in business spending. The economy shrank at a slightly slower pace in the 2nd qtr than initially reported, as inflation and higher interest rates weighed on spending. Jobless claims fell for the 2nd week in a row, suggesting that employers are holding on to workers despite growing economic uncertainty. New home sales fell for the 2nd straight month in July, reaching a 6-1/2 year low. Sales were down 12.6%...

GREENWAY BLOG

MarketMinute | Is For-Sale Inventory On The Rise?

5 Reasons to Work With A Mortgage Lender

MarketMinute | How many sellers chose FSBO in 2021?

The 7 Property Types Explained

MarketMinute | Are first-time buyers still in the market?