GREENWAY BLOG

24 July 2026

MarketMinute | Mortgage applications rise despite higher rates

Import prices rose more than expected in June. Price growth in nonfuel segments signals inflation is affecting more than just energy prices. The share of job seekers out of work for six months or longer reached 27.3% in June, hovering near its highest level since late 2021. Next week's Fed meeting is one of the most uncertain in years, with markets split on whether policymakers will hold rates or raise them. The Wall Street Journal reports baby boomers are increasingly upsizing their homes in retirement, reversing traditional expectations. As the housing...

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20 July 2026

Mid-Year Mortgage Update 2026

  The market is opening. Opportunity is too. We’ve reached the mid-point of the year, so it’s time to offer my take on the housing market and where we go from here. The Rate Reality Rate news is mixed. As of June 11, 2026, Freddie Mac reported a 30‑year fixed rate average of 6.52%. It’s higher than the historically low rates we remember from the early 2020s but lower than the same week last year, when they came in at 6.84%. [*1] Where will rates go from here? At their June meeting, the majority of members of the Federal Reserve Board forecast at least one policy rate hike before year’s end. However, geopolitical...

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10 July 2026

MarketMinute | Existing home sales rise as home prices reach an all-time high

  Last month's Fed meeting minutes showed growing concern among Fed members over inflation, though labor market worries waned. Unease over the state of the ceasefire with Iran and shipping in the Strait of Hormuz pushed oil prices higher. Weekly jobless claims ticked down to 215K, lower than expected, indicating labor market stability despite slow job growth in June.       June existing home sales were 2.8% higher than a year ago as home prices reached an...

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26 June 2026

MarketMinute | Homeowners tapped more equity as home prices rose

  The economy grew at an annualized 2.1% pace in the 1st quarter, faster than previously estimated. Consumer spending rose 0.5%. The PCE price index, the Fed's favored inflation gauge, rose 4.1% year over year in May, the most since April 2023. Initial jobless claims fell last week in a sign of ongoing resilience for the labor market, though continuing claims crept up to 1.82 million.       The rate of new home sales fell 7.3% to a 4-month low...

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19 June 2026

MarketMinute | The Fed left rates unchanged and oil prices fell

  The Fed left its policy rate unchanged at its June meeting but signaled rate hikes may come later this year to tame inflation. Retail sales beat expectations in May. It was the 4th month of solid spending, highlighting the economy's resilience despite high gas prices. Oil prices fell dramatically after Iran and the U.S. signed a memorandum of understanding that opens the Strait of Hormuz to commercial traffic.       Single-family housing starts slipped 1.9%...

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