GREENWAY BLOG

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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13 February 2025

VA Home Loans: A Hero’s Path to Homeownership

  For those who have served our country, homeownership is more than just a milestone—it’s a well-earned benefit. VA home loans provide veterans, active-duty service members, and eligible spouses with exclusive financing options that make buying a home more affordable and accessible. What Is a VA Home Loan? A VA home loan is a government-backed mortgage program designed specifically for military personnel. These loans are guaranteed by the U.S. Department of Veterans Affairs (VA) and offered through approved lenders like Greenway Mortgage. Unlike conventional loans, VA loans come with significant advantages that help veterans achieve homeownership...

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