Greenway Mortgage Blog

3 January 2023

9 Easy Steps for Making an Offer On Your Dream Home

New Year, New Home? Understanding how to make an offer on your dream home will be key to getting the best deal possible. And we’ve got the “how-to” guide just for you; and there’s only easy steps to follow. We’ll outline them below. #1: Get Pre-Approved First and foremost, step number one should always be getting preapproved. Getting pre-approved is the real deal, especially if you’re serious about purchasing a home. A pre-approval letter is a statement from the lender that you qualify for a specific mortgage amount based on an underwriter's review of all of your financing information ( credit report, pay stubs, bank...

30 December 2022

MarketMinute | How are the markets finishing the year?

The dollar is ending the year on the defensive, having given back roughly half of its 2022 gains, as investors bet inflation is slowing. Jobless claims rose only modestly last week and held near prepandemic levels, suggesting the labor market remains historically tight. Purchasing power of middle-income household paychecks fell 2.9% in 2022, as inflation hit middle earners harder than other groups. Month-over-month house prices were flat in October, changing 0.0%, according to FHFA. Prices rose 9.8% over October 2021....

27 December 2022

5 Biggest Questions This Holiday Season About Real Estate & Mortgages

As we gather with family and friends this holiday season you know what that means. There’s going to be lots of talk about the real estate market, mortgages, and interest rates; especially if you have an aunt, uncle, mother, father, cousin, or friend who’s house hunting. There’s a lot of speculations about what’s going on and what the future holds. In today’s blog we want to take a few minutes to educate you on what’s really happening. So, sit back and get cozy, we’ve got the answers to 5 of the most popular questions in real estate and mortgages this holiday season. Question #1: What Will Happen with Home Prices? If you...

23 December 2022

MarketMinute | Home prices continue their rise

Consumer confidence rose to an 8-month high in December as inflation retreated and the labor market remained strong. In a sign of labor market strength, unemployment filings remain at historically low levels, though they rose slightly last week to 216K. The economy grew faster than previously thought in the 3rd quarter, a sign the Fed's battle to slow it down is having only a limited impact. NAHB reports homebuilder sentiment dropped for the 12th month in December to the lowest level since 2012 but may be near the bottom....

19 December 2022

Great News for Homebuyers | New Loan Limits for 2023

There could be savings on the table for home buyers in 2023! The Federal Housing Finance Agency (FHFA) has just increased the amount of money that can be borrowed through a standard home loan to more than $726K . In some areas, the limit is even higher. The new limits will take effect in 2023. This is great news for buyers and owners alike. Buyers may be able to borrow more money through a conventional, typically lower-rate loan . Owners may be able to refinance their "jumbo" loan to a lower rate conforming loan and possibly drop mortgage insurance, too. Combining (or avoiding) smaller 1st and 2nd mortgages may now be an...

GREENWAY BLOG

9 Easy Steps for Making an Offer On Your Dream Home

MarketMinute | How are the markets finishing the year?

5 Biggest Questions This Holiday Season About Real Estate & Mortgages

MarketMinute | Home prices continue their rise

Great News for Homebuyers | New Loan Limits for 2023