Stocks are once again hitting new record highs regularly, as they were before the pandemic. Investors remain optimistic about the recovering economy. The minutes from last month's Fed meeting released this week reiterated the commitment to maintaining easy policy until we see stronger employment and inflation. Continuing jobless claims were down last week, though initial jobless claims jumped for the 2nd week, underscoring the uneven nature of the labor market recovery. President Biden's new infrastructure plan includes a $5...READ MORE
Tax season is upon us. For some, the thought of the word “taxes” may spark anxiety, but for others, it may inspire hope of a tax refund. (Que the confetti!) If you’ve purchased a house this year, you might be excited about the possible tax benefits homeownership brings. What do all of these tax benefits include, you may wonder. Keep reading… Some things related to your home can be claimed on your taxes to help get you more of a refund (aka more money in your pocket!) Are you wondering what these items could be? We’ll explain, but first, we want to point out that not only are there tax benefits for owning a home, but also for buying...READ MORE
This month, Greenway Mortgage is giving back by donating $500 to the American Cancer Society in honor of Kathryn; who at 20 years old is currently battling an inoperable brain tumor. Her sister Grace, along with the teachers at North Hunterdon High School have formed “Team Kathryn” which has raised over $9,000 to date, exceeding the original goal of $2,500. Team Kathryn is now shooting for the all-time fundraising record for this event - So, let’s help them do just that! Message from Grace: “My sister Kathryn could be called the mayor of North Hunterdon High School. She always has a smile on her face,...READ MORE
Consumer confidence hit a one-year high in March, supporting optimism for labor market improvements and accelerated economic growth in the coming months. Private payrolls rose by 517,000 in March according to ADP, the fastest pace since September. Hospitality led the way, with the battered sector adding 169,000 new workers. The most recent 4-week average for jobless claims fell to its lowest level since March 2020, though new claims came in slightly higher than expected. Home prices continue to accelerate at an alarming pace, up 11.2%...READ MORE
With stimulus and tax refunds hitting bank accounts, now's a great time to talk about a new home. Here are ways the extra cash from your stimulus check or tax refund can help with a home purchase: Enhance or establish a down payment fund. Secure a lower interest rate (which can help you qualify for a higher priced home). Pay down or eliminate consumer debt (which also can help you qualify for more). Satisfy cash reserve requirements for your purchase. With some loan programs offering low or even no down payments, you may be able to get into a home sooner than you thought! Before you take any action toward a new home purchase, please reach...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.