Minutes released from last month's Fed meeting showed that Fed officials worried a lack of fiscal aid from Congress could threaten the post lockdown economic recovery. After many false starts, negotiators are making headway on stimulus talks. Stock markets responded favorably to the news. Jobless claims drifted lower once again last week, after dropping below 1 million in August. The labor market is making headway in getting millions of people back to work. COVID-19 has...READ MORE
It would be amazing if all you needed to prep your home for fall was hang a wreath and light a bunch of pumpkin spice candles. While yes, those are a part of getting ready for the change of seasons, there are more important preparations that come with being a homeowner. With that said, fall is the perfect season to tackle general home maintenance projects because the weather is generally dry and temperatures are moderate. Before you start your seasonal home maintenance checklist , examine both the interior and exterior of your home. Most of these home maintenance items can be accomplished without the help of a professional, but it's...READ MORE
Consumer confidence rebounded in September by the most in 17 years, reaching a 3-month high, as Americans grew more upbeat about the outlook for the economy and job market. The GDP fell at a rate of 31.4% in the 2nd quarter, due to the pandemic. However, the economy is poised to swing to a record increase in the quarter that just ended. Jobless claims dropped more than expected to 837,000, as the slow labor market recovery grinds on. Continuing claims fell to 11.8 million in the week ended Sept. 19. ...READ MORE
In this four-part blog series, you'll learn about the different forms of homeownership which include Fee Simple, Leasehold, Co-Op, and Condominium Ownership. So, stayed tuned each week to learn more! Did you know there are a few different forms of home ownership? Indeed, there are! If you’re considering buying real estate, it’s important to know what type of ownership you want to have. Let’s start with Fee Simple (aka as freehold/fee simple absolute), the most common form of ownership. Many home buyers are familiar with this type of ownership because that’s how most homes are purchased. It’s important...READ MORE
In testimony to Congress this week, Fed Chair Jerome Powell said the central bank is committed to helping the economy recover, which should help keep mortgage rates low. Metrics show consumers pulling back on spending, even as businesses reopen. The decline in consumer spending could be a result of the recent end of stimulus money. Jobless claims were up slightly this week to 870,000, supporting views that economic recovery could be running out of steam as the labor market struggles to improve. ...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.