For the Week Ending March 29, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Global economic concerns have sent bond prices soaring this week as investors move to safety. Improved bond prices have helped bring mortgage rates lower. The 4th quarter GDP number was reduced from 2.6% to 2.2%, signaling economic growth slowed even more than was initially reported. Consumer confidence slumped in March,...READ MORE
When mortgage rates drop, homeowners typically wonder: Should I refinance my mortgage? Since the start of the year, mortgage rates have been on a slow, steady decline. We may even be experiencing a mini-refi boom! This is great news for those who are looking to refinance their mortgage. Latest Breaking News On March 19, 2019 the Fed did not raise policy rates. And, based on Fed projections, we likely won’t see another Fed rate hike until 2020. So, now is the PERFECT time to refinance your mortgage. With mortgage rates today, there are refinance opportunities for all types of homeowners. The typical refinancing household will be able...READ MORE
For the Week Ending March 22, 2019 EXCITING NEWS THIS WEEK! We could be entering a mini-refi boom. Since the start of the year, mortgage rates have been on a slow, steady decline. The Fed did not raise policy rates at this month's FOMC meeting. Based on Fed projections, we likely won't see another Fed rate hike until 2020. Now is the PERFECT time for your clients to refinance their mortgage! With mortgage rates today, there are...READ MORE
For the last several years, home values have been rising, which means homeowners have been building equity. Now is a great opportunity to leverage that equity to avoid or eliminate high interest debt. Recently, the 2018 Houzz & Home Study revealed: “Homeowners with mortgages have seen their home equity more than double since 2011, increasing to a record-setting $8.3 trillion in 2017.” The average homeowner gained $16,200 in home equity between Q2 2017 and Q2 2018 according to the latest release of CoreLogic’s Home Equity Report . Since 2011 home values have increased significantly...READ MORE
For the Week Ending March 15, 2019 Please enjoy this quick update on what happened this week in the housing and financial markets. Wholesale prices barely rose in February, after falling for 3 straight months. This is a sign there is little inflation pressure in the economy, which is good for rates. Retail sales edged up in January, but December was revised sharply lower. The increase was mainly due to discretionary spending and purchases of building materials....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.