Greenway Mortgage Blog

25 March 2022

MarketMinute | Wondering How Home Sales Are Going?

Fed Chair Jerome Powell commented this week that "inflation is much too high" and the Fed would raise policy rates until it is under control. Supply chain issues caused factory durable goods orders to fall more than expected in February, snapping a 5-month streak of increases. Last week's jobless numbers hit the lowest level since 1969. Fed Chairman Powell described the labor market as "tight to an unhealthy level." February’s existing home sales fell more than expected, down 7.2% from...

20 March 2022

Homebuyers: Have No Fear, Bidding Wars Will Ease in 2022

Bidding wars seemed to be the norm in 2021. And if you were searching for a home, you know this to be true. Will bidding wars still be a thing in 2022? According to a Redfin report, 72% (nearly 2 in 3) of homebuyers faced a bidding war last year. Bidding wars made an already challenging, pricy real estate market even more so. Some buyers were forced to waive contingencies, skip inspections, and make offers well above the asking price just to get ahead of the competition! In addition, there were even some homebuyers who made all-cash offers which made the competition even steeper. Surely, this can make anyone feel rushed when trying to make one of the biggest decisions of...

18 March 2022

MarketMinute | How are homebuilders feeling these days?

Wholesale inflation climbed 0.8% in February, lower than estimates but still up 10% from last year, tying January for the biggest gain ever. February’s retail sales were lower than expected. The 0.3% gain shows consumers continued to spend but were impacted by rising prices. As anticipated, the Fed raised policy rates 0.25% this week to help fight inflation, which has driven up mortgage rates recently. Homebuilder sentiment is still very bullish, though it is down slightly from its recent peak due to higher mortgage...

15 March 2022

We Build Homes for Vets | VA Construction Loan

Are you a U.S. Veteran or an active-duty service member looking to build your own home? If so, your journey to building your dream home starts here with Greenway’s VA One-Time Close Construction Loan. This one-time close construction loan provides Veterans with a simple and affordable way to finance the perfect home all with just one application and one closing. The Lowdown on the VA One-Time Close Construction Loan… The U.S. Department of Veterans Affairs (VA) has loan options designed to help veterans make their dream home a reality. VA loans are issued by private lenders, like Greenway Mortgage, but backed by the VA. VA...

11 March 2022

MarketMinute | What's Almost Returned To Pre-Pandemic Levels?

Inflation is expected to peak close to 9% in the coming months, as the Russian/Ukraine war drives up the cost of raw materials and energy. President Joe Biden signed an executive order on Wednesday, calling on government to examine the risks and benefits of cryptocurrencies. Jobs data last week showed a surprisingly strong 678K new jobs were created in February, as unemployment fell to 3.8%. The mortgage industry originated a record $4.4 trillion last year, led by record purchase lending volume and surging cash-out...

GREENWAY BLOG

MarketMinute | Wondering How Home Sales Are Going?

Homebuyers: Have No Fear, Bidding Wars Will Ease in 2022

MarketMinute | How are homebuilders feeling these days?

We Build Homes for Vets | VA Construction Loan

MarketMinute | What's Almost Returned To Pre-Pandemic Levels?