Greenway Mortgage Blog

25 June 2021

MarketMinute | Housing Stats & More!

Fed Chair Powell told a House Select Subcommittee on the Coronavirus Crisis this week that inflation is still seen as transitory, despite recent data showing big increases over last year. Powell also reaffirmed the Fed's intent to encourage a "broad and inclusive" job market recovery and to avoid interest rate increases based only on fear of coming inflation. Unemployment claims resumed their downward trend last week, after rising slightly in the prior week. The labor market continues to head toward a full recovery. The...

22 June 2021

Finance Your Dream Home with No Money Down

Are you excited about the thought of owning your own home, but short on funds? Perhaps rising home prices are stopping you from the dream of homeownership. If you’re searching for ways to make buying your first home a reality without having to come up with 20% for a down payment; you’ve come to the right spot. Intrigued? Different loan programs come with their own perks, and this one is no exception. With Greenway’s No Money Down FHA Loan , qualified homebuyers can get 100% financing towards the purchase of a new home. That’s right, no money down. You don’t even need to be a first-time buyer to qualify. Here’s what you need to...

18 June 2021

MarketMinute | See What's Making A Splash

The Fed kept policy rates unchanged at this month's meeting, but more officials forecast rate increases in 2023. The markets' response to Fed comments pressured rates higher. Inflation concerns grew this week, as May's producer prices rose at their fastest annual clip in nearly 11 years. Inflation increases are bad for mortgage rates, pushing them higher. Jobless claims continue to come in closer to what economists consider a normal range, a sign that the labor market continues to improve despite high continuing claims numbers. ...

15 June 2021

5 Home Buying Tips In A Low Inventory Market

If you’re in the market to buy a home in the coming months, you may already have discovered that the competition is tight and the inventory is low in many areas of the country. This housing shortage is the result of a few key factors according to Gay Cororaton, senior economist and the director of housing and commercial research at the National Association of Realtors (NAR). With less than a 2-month supply of homes for sale on the market, the inventory in January 2021 fell nearly 26 percent compared with January 2020, NAR reports. “All in all we’re short now about 3 million homes,” Cororaton said. “That’s a...

11 June 2021

MarketMinute | Equity Is On The Rise

Consumer prices were up 5% year over year in May, the fastest pace since August 2008. Prices are rising as a rush of demand meets shortages in materials and labor. The core inflation rate, which strips out food and energy prices, rose 3.8% annually, the sharpest increase in nearly three decades due to last year's pandemic-related shutdown. The labor market recovery continues to gain steam. Unemployment claims fell for the 6th straight time last week, hitting the lowest level in nearly 15 months. Homeowner equity has more than doubled over...

GREENWAY BLOG

MarketMinute | Housing Stats & More!

Finance Your Dream Home with No Money Down

MarketMinute | See What's Making A Splash

5 Home Buying Tips In A Low Inventory Market

MarketMinute | Equity Is On The Rise