GREENWAY BLOG

20 March 2024

Managing Rising Debt: How Mortgage Refinancing Offers Relief

  There are countless reasons to stay awake at night: dreaming of your next vacation, getting lost in a good movie, or delving into an interesting podcast. But one thing that shouldn't keep you up? High-interest debt. US households have been facing a significant increase in non-mortgage debt payments, nearly matching what they traditionally spend on mortgage interest. According to an article from Bloomberg.com: “Non-mortgage interest payments climbed to an annual rate of $573.4 billion in January. That’s the highest on record even after adjusting for inflation — and within a hair’s breadth of the $578.3 billion in annual mortgage...

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16 March 2024

Spring Homebuying Guide: Navigate the Competitive Market with Confidence!

  Whether you're a seasoned home buyer or embarking on your first home-buying journey, the spring real estate market of 2024 is full of opportunities and challenges alike. At Greenway Mortgage, we're committed to ensuring you have a smooth and successful home buying experience, every step of the way. As interest rates begin to shift and inventory remains tight, preparation is key to staying ahead in this competitive market. That's why we've created a comprehensive Spring Guide to Buying a Home specifically tailored to help you navigate the complexities of today's real estate landscape with confidence.   Why Preparation...

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15 March 2024

MarketMinute | Homeowners plan to stay put how long?

Wholesale prices accelerated at a faster-than-expected pace in February, a reminder that inflation remains a troublesome issue for the economy.  Consumer inflation also rose in February, keeping the Fed on course to wait at least until the summer before cutting policy rates. Retail sales rebounded in February, but consumer spending slowed as households grappled with inflation and higher borrowing costs. In an FHFA pilot program announced last week, some homeowners will be able to refinance without...

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12 March 2024

What Does Pending Mean In Real Estate?

  Congratulations! Your new home is now in the 'pending' stage, indicating that your offer has been accepted, inspections have passed, and you're one step closer to sealing the deal. It's important to understand that this phase can be more complex than it seems. That's precisely why we've put together this Q&A blog, where we'll delve into the intricacies of pending homes and provide expert insights to make your home buying experience as seamless as possible. Check out some common questions below and don't hesitate to reach out to us if you have any other questions. We are happy to help. Give us a call at 888-616-9885 or contact us here...

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8 March 2024

MarketMinute | More Homes for Sale Going Into The Spring Market

  The number of workers quitting their jobs dropped to a 3-year low in January, indicating labor market conditions were gradually easing.  Services industry growth slowed a bit in February. However, new orders increased to a 6-month high, pointing to underlying strength. Fed Chair Jerome Powell told Congress the Fed is in no rush to cut interest rates until it is convinced it's won the battle over inflation. Construction spending fell unexpectedly in January, though outlays on new...

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