Please enjoy this quick update on what happened this week in the housing and financial markets. The Fed left rates unchanged this week, as was expected. Fed Chair Jerome Powell signaled the central bank would adjust policy as needed to support 2% inflation. The deadly coronavirus that started in China continues to spread. Concerns over the economic costs of the outbreak have helped push mortgage rates to 4-month lows. Consumer confidence jumped in January as the job market outlook improved. The data showed 49% of consumers think jobs are "plentiful," up from 46.5%. New home sales fell...READ MORE
Please enjoy this quick update on what happened this week in the housing and financial markets. Stocks across the globe are taking a hit this week as investors react to mounting concerns about a deadly virus in China and its effect on travel and spending. President Trump is threatening more tariffs on European auto imports if the bloc doesn't agree to a trade deal. Trump has delayed imposing these tariffs a number of times. Jobless claims rose slightly last week to 211,000 but were still lower than expected. The labor market continues to tighten, even as job growth is slowing. New home builders...READ MORE
Please enjoy this quick update on what happened this week in the housing and financial markets. This week the U.S. and China signed the 'phase one' trade deal, an event that helped drive global stocks to record highs. Talks will now begin on a 'phase two' deal. Consumer prices rose slightly in December, but underlying inflation pressures retreated. Weak inflation supports the Fed's desire to keep policy rates unchanged. Producer prices edged up in December as a rise in the cost of goods was offset by weakness in services. This reading was another indication of tame inflation. ...READ MORE
Are you currently looking to purchase a home? If so, it’s important to know what affordable lending options there are. If you're aspiring to own a home within a certain budget, we're here to tell you that there is a loan for you! Take some time to educate yourself on the facts about affordable lending and learn what programs Greenway Mortgage has to offer. There are low or no down payment mortgage programs that make home buying more affordable and offer a variety of benefits for borrowers who qualify. Let’s take a look at some options: FHA LOANS Greenway can help you achieve your dreams of owning a...READ MORE
Please enjoy this quick update on what happened this week in the housing and financial markets. Activity in the services sector rose slightly in December, climbing to 55 from 53.9 in November, as businesses felt relieved by a partial trade agreement with China. The U.S. trade deficit fell more than expected in November, hitting the lowest level since President Trump took office. A reduced deficit could help employment and improve currency value. Stocks rallied this week as tensions eased between the U.S. and Iran. A flight to safety had helped mortgage rates late last week, seeing rates hit the best levels in a month. ...READ MORE
In 2017 and 2018, Greenway Mortgage was awarded Best Mortgage Company in Monmouth County, NJ by the Asbury Park Press' Reader's Choice Awards.