GREENWAY BLOG

21 March 2025

Spring Homebuying Guide: Tips for Navigating a Competitive Market

  Buying a home, whether it’s your first time or you’re a seasoned buyer, is one of the biggest financial decisions you’ll ever make. At Greenway Mortgage, we want to make sure you feel informed, prepared, and confident every step of the way. The Spring Housing Market With the spring real estate market in full swing, the competition is heating up. With housing inventory still low and supply falling short of demand, buyers may face fewer choices, higher prices, and increased competition. This makes it even more important to be well-prepared, so you're ready to act quickly if you find your dream home this spring. So how can you stand out and...

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21 March 2025

MarketMinute | The housing market has some unexpected increases

The Fed kept its policy rate unchanged at the March meeting. Fed members expect to cut policy rates twice in 2025. Retail sales were up by less than forecast in February, and January was revised downward to mark the biggest drop since July 2021. Initial jobless claims rose slightly last week. Continuing claims also rose, with more people remaining jobless longer than a year ago.  Existing home sales unexpectedly increased in February, as rising supply and falling mortgage rates pulled buyers back into...

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20 March 2025

How Your Credit Score Shapes Your Mortgage—and How to Improve It

  How much do you know about credit scores, how they’re calculated, and what they’re used for? Ramp up your knowledge with this helpful guide so you know what to expect next time you apply for credit. What’s the Score? Your credit score is a part of the package of information lenders use to decide whether or not they will lend you money or extend credit. Other factors include things like your employment history and income and their own internal scoring systems. There are two primary credit scoring models you need to know about: FICO®and VantageScore. Each may be used to determine your creditworthiness: that is, how likely you are to...

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14 March 2025

MarketMinute | Is there a market for 3D-printed homes?

After rising in January, wholesale prices remained unchanged in February. Markets are concerned tariffs may lead to future increases. The CPI showed slowing inflation in February. The drop-off is not expected to trigger policy rate cuts at next week's Fed meeting. Job openings rose to 7.74 million in January, signaling employer optimism amid ongoing labor market concerns.  Lennar and Icon, a 3D technology company, partnered to 3D print 100 homes in Georgetown, Texas. About 75% of them have already...

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7 March 2025

MarketMinute | Mortgage apps jumped this week!

The Fed’s most recent Beige Book showed a mixed employment picture and a slight rise in economic activity since mid-January. Unemployment applications fell more than expected last week, indicating the labor market remained stable in February. Payroll processing firm ADP reported private companies added just 77K new workers in January, well below the 148K consensus estimate.  Single-family construction spending rose 0.6% in January. Overall spending, including for multifamily and home improvements,...

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