GREENWAY BLOG

A greener look at a mortgage process unlike anything you have
experienced before. Where experience, efficiency & integrity meet.

Rate Watch: Will the Fed Cut Rates in 2024?

Rate Watch: Will the Fed Cut Rates in 2024?

  The Federal Reserve Board's recent decision to keep policy rates unchanged at their latest meeting has stirred speculation about the possibility of future rate cuts in 2024. Investors are closely monitoring the situation, particularly as board members projected up to three rate cuts this year. Looking for Future Rate Cuts Before the January meeting, the consensus among investors was divided on whether the first cut would occur at the March meeting. The December projections suggested potential adjustments to the rates, keeping the financial market on edge. The Federal Reserve's guidance, as always, hinges on incoming economic data. However,...

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The Housing Market: A Year-End Recap and Insights into 2024 Trends

The Housing Market: A Year-End Recap and Insights into 2024 Trends

  Is the tide turning for the housing market?  If 2023 saw homebuyers and sellers mostly treading water against waves of rising interest rates, 2024 has them preparing to swim into calmer waters. What happened? Inventory rose but was still low. After stalling in the first quarter of 2023, the inventory of homes for sale continued an upward trajectory. November's inventory was about two-thirds of November 2019's level. Rates climbed to multi-decade highs. Pressured by Fed policy rate hikes and high inflation, mortgage rates continued their ascent. They reached their highest point in October. Price...

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MarketMinute | New home sales are up and new mortgage payments are down

MarketMinute | New home sales are up and new mortgage payments are down

The economy grew faster than expected in the 4th quarter, fueled by strong consumer spending and defying predictions of a recession in 2023.  Initial jobless claims rose 25K last week to 214K. Although that is the highest level in a month, it still signals a strong labor market. Orders for durable goods, or products made to last at least 3 years, were unchanged in December. Economists had expected a slight increase. New home sales surged 8% in December and were up 4% in 2023, even as higher...

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Your Step-By-Step Roadmap To Mortgage Pre-Approval

Your Step-By-Step Roadmap To Mortgage Pre-Approval

  Getting Started On Your Home Buying Journey Getting a home loan may feel like an epic journey at times, but with the right guidance it can be easily conquered. Before you begin, reach out to a Greenway Loan Officer to discuss your financial situation so we can work on a plan to get you into the home of your dreams. Feel free to click below and receive your complimentary Mortgage Pre-Approval Roadmap Brochure . It includes tools to help you monitor your monthly budget as well! Succeed with a Mortgage Pre-Approval After speaking with a Greenway Loan Officer, we’ll be able to assess your financials and determine the size of the...

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MarketMinute | How are recent rate drops affecting builders and buyers?

MarketMinute | How are recent rate drops affecting builders and buyers?

Retail sales rose at the strongest pace in 3 months in December, topping expectations for holiday shopping and signaling a resilient economy.  The Fed’s latest Beige Book snapshot of the economy reported little or no change in economic activity for December through early January. The labor market continues to show resiliency. Last week's jobless claims posted an unexpected drop to the lowest levels since September 2022. Homebuilder sentiment improved for the 2nd straight month in...

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