GREENWAY BLOG

A greener look at a mortgage process unlike anything you have
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MarketMinute | The Fed rate cuts rates

MarketMinute | The Fed rate cuts rates

The Fed cut its policy rate by a quarter point this week. Forecasts from Fed members indicate 2 more cuts could be coming this year. However, Fed Chair Powell noted the Fed's job could get more difficult as members balance the tension between rising inflation and a worsening job market. After an unusually large jump the previous week, initial jobless claims dropped last week by the most in nearly 4 years, falling by 33K. Builder confidence in the housing market remained unchanged in September,...

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MarketMinute | Lower rates helped move some potential homebuyers off the fence

MarketMinute | Lower rates helped move some potential homebuyers off the fence

Consumer inflation rose in August to 2.9% year-over-year, the fastest pace of inflation since January. Tariffs are seen as the primary driver. After jumping in July, wholesale inflation decelerated in August and was weaker than expected. The slowdown supports possible Fed rate cuts. Jobless claims last week reached their highest level in 4 years, signaling layoff activity may be on the rise amid a sharp slowdown in hiring. Lower rates helped move some potential homebuyers off the fence. Purchase apps...

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Be Refi Ready: Why Preparing Early Can Save You Thousands

Be Refi Ready: Why Preparing Early Can Save You Thousands

  Refinancing your mortgage can be a smart way to save money, reduce monthly payments, or pay off your loan faster. With interest rates constantly changing, being prepared in advance can help you take advantage of the best opportunities. Why Being Refi Ready Matters: Interest rates don’t stay low forever. When they dip, homeowners who have all their documents and finances in order can refinance quickly and take advantage of savings. Delaying preparation can mean missing out on significant financial benefits. Markets are eyeing potential Federal Reserve rate cuts this fall of 2025. While the Fed doesn’t set mortgage rates directly, its decisions...

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MarketMinute | Purchase apps continue year-over-year trend

MarketMinute | Purchase apps continue year-over-year trend

The Fed's Beige Book shows economic activity and hiring mostly flat in recent weeks, with tariffs weighing on businesses and consumers. Job openings dropped sharply to 7.18 million in July, the second lowest since the pandemic. Slower hiring signals labor market weakness. Factory orders slid in July, hit hard by plunging aircraft bookings. However, non-transportation orders rose more than expected. Spending on new single‑family housing edged up in July. Overall construction continues to wane due...

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Are You Missing Out on Mortgage Savings?

Are You Missing Out on Mortgage Savings?

  Life gets busy—it’s easy to focus on the things you love and overlook opportunities that could save you thousands on your mortgage. The truth is, your home investment is constantly influenced by changing factors like: Home values and neighborhood trends Your growing equity Mortgage insurance requirements Interest rate shifts Market updates That’s where Greenway Mortgage’s Mortgage Minder program comes in. Instead of keeping track of all these moving parts yourself, Mortgage Minder does the work for you—monitoring your mortgage and the market to spot...

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