GREENWAY BLOG

15 March 2024

MarketMinute | Homeowners plan to stay put how long?

Wholesale prices accelerated at a faster-than-expected pace in February, a reminder that inflation remains a troublesome issue for the economy.  Consumer inflation also rose in February, keeping the Fed on course to wait at least until the summer before cutting policy rates. Retail sales rebounded in February, but consumer spending slowed as households grappled with inflation and higher borrowing costs. In an FHFA pilot program announced last week, some homeowners will be able to refinance without...

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12 March 2024

What Does Pending Mean In Real Estate?

  Congratulations! Your new home is now in the 'pending' stage, indicating that your offer has been accepted, inspections have passed, and you're one step closer to sealing the deal. It's important to understand that this phase can be more complex than it seems. That's precisely why we've put together this Q&A blog, where we'll delve into the intricacies of pending homes and provide expert insights to make your home buying experience as seamless as possible. Check out some common questions below and don't hesitate to reach out to us if you have any other questions. We are happy to help. Give us a call at 888-616-9885 or contact us here...

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8 March 2024

MarketMinute | More Homes for Sale Going Into The Spring Market

  The number of workers quitting their jobs dropped to a 3-year low in January, indicating labor market conditions were gradually easing.  Services industry growth slowed a bit in February. However, new orders increased to a 6-month high, pointing to underlying strength. Fed Chair Jerome Powell told Congress the Fed is in no rush to cut interest rates until it is convinced it's won the battle over inflation. Construction spending fell unexpectedly in January, though outlays on new...

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5 March 2024

The New Enhanced HomeReady® Program

  Exciting news. The new enhanced HomeReady program is increasing access to homeownership! HomeReady® offers an ideal mortgage solution for both first-time and repeat buyers with a low-down payment and flexible financing. To assist very low-income purchase borrowers, Greenway Mortgage now offers a $2,500 credit applicable to down payment and/or closing costs. The New HomeReady® Program Highlights Borrowers must have a qualifying income of less than or equal to 50% of the applicable area median income of the property’s location. The $2,500 credit must be provided upfront to the borrower and can be applied towards down...

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1 March 2024

MarketMinute | New Home Sales are a Bright Spot

Orders for long-lasting manufactured goods fell by the most in 4 years in January, a sign the economy lost momentum at the start of the year.  Consumer confidence fell in February after 3 straight monthly increases due to concerns about the labor market and the presidential election. The Fed's favored inflation gauge, the PCE index, showed prices picked up in January, though it was the smallest annual increase in almost 3 years. New home sales ticked up in January. Single-family home sales rose...

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