GREENWAY BLOG

28 February 2025

MarketMinute | Inventory and prices rose in January. Find out what fell

In February, consumer confidence experienced its largest decline since 2021. The drop was blamed on rising inflation and trade war concerns. Initial jobless claims hit their highest level of the year last week, a potential sign of weakness in the labor market. A rise in durable goods orders in January is being attributed to businesses rushing to buy parts and supplies ahead of potential U.S. tariffs.  There were 1.18 million homes for sale at the end of January, an increase of 3.5% from December and 17%...

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25 February 2025

Smart Strategies to Reduce Your Mortgage Interest Rate

  How to Secure a Lower Mortgage Rate & Save Big Securing a lower mortgage interest rate can make a huge difference in how much you pay for your home over the long haul. Even a small reduction in your rate can save you thousands of dollars over the life of your loan, allowing you to put more money toward other financial goals. Whether you’re a first-time homebuyer or refinancing your current mortgage, there are strategies you can use to secure a better rate. Here are some tips to help you improve your chances and reduce the overall cost of your mortgage.   1. Maintain a Strong Credit Score Lenders reward higher credit scores...

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21 February 2025

MarketMinute | What's keeping home builders up at night?

Minutes from last month's Fed meeting showed officials wanted to maintain policy rates amid stubborn inflation and economic uncertainty. Mortgage rates have held steady to begin the year as inflation fears and concerns over a surge in debt issuance have failed to materialize. New jobless claims increased moderately last week, suggesting the labor market remains on solid ground.  The NAHB reports a sharp decline in builder sentiment in February, due to concerns over tariffs, elevated mortgage rates,...

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19 February 2025

Everything You Need to Know About FHA Home Loans

  Achieve Your Homeownership Dreams with an FHA Loan Buying a home is a significant milestone, and for many, securing the right financing can make all the difference. If you're a first-time homebuyer or someone with less-than-perfect credit, an FHA loan might be the perfect solution. Backed by the Federal Housing Administration, FHA loans provide an accessible path to homeownership with lower down payments and flexible qualification requirements. What is the Federal Housing Administration (FHA)? The Federal Housing Administration (FHA) is a government entity that insures mortgage loans issued by FHA-approved lenders. This insurance minimizes...

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14 February 2025

MarketMinute | Rental and for-sale inventory news

Consumer prices increased the most in 1.5 years in January, reinforcing the Fed's message that it was in no rush to resume cutting policy rates. In Congressional testimony, Fed Chair Powell said the economy is doing well and the Fed can take its time to decide on future policy rate cuts. New applications for unemployment benefits fell last week, suggesting the labor market remained stable early in February.  Purchase mortgage applications declined again, falling 2% for the week. Demand was 2% higher...

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