GREENWAY BLOG

A greener look at a mortgage process unlike anything you have
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MarketMinute | Is Inflation Cooling?

MarketMinute | Is Inflation Cooling?

A gauge of consumer spending posted the 2nd smallest increase this year, offering hope that the Fed's policy rate hikes are cooling inflation. Consumer confidence fell in November to the lowest level since July, a sign the economy could be slowing, which could help rates. Jobless claims rose last week to the highest number since February. A cooling labor market could also help rates and inflation. Home prices rose 10.6% year over year in September, according to Case Shiller, though prices fell 0.8% from the previous...

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Understanding Seller Concessions

Understanding Seller Concessions

  As home sales slow, prices erode, and rates increase, mortgage assistance by sellers for buyers can help cushion the impact of these market shifts, bridging the gap between what owners want or need and what buyers are willing to pay. With Seller Concessions buyers can score a better deal at closing. Here’s how it works. What are Seller Concessions? Seller concessions, sometimes referred to as Interested Party Contributions (IPC) or ‘Seller Assist’, are when a home buyer asks the home seller to pay some or all the costs on the home buyer’s behalf to reduce the amount of cash they need at closing. These costs include:...

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NJ Conventional Down Payment Assistance Program Increases To $15,000

NJ Conventional Down Payment Assistance Program Increases To $15,000

  Now home buyers can dream even bigger! The New Jersey Conventional Down Payment Assistance (DPA) Program has increased to $15,000 for properties in certain New Jersey counties*. This program was created to provide first-time home buyers a flexible and affordable option for purchasing a home. What Does This Change Mean for Home Buyers? Now, qualified clients can receive $15,000 to be used towards the down payment and closing with affordable mortgage insurance premiums that follows conventional mortgage guidelines.  About The NJ Conventional DPA Program: 30-year, Fixed-Rate Conventional Loan  Affordable Mortgage Insurance Premiums $15,000...

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MarketMinute | Rates Are Down and Apps Are Up

MarketMinute | Rates Are Down and Apps Are Up

On the heels of last week's better than expected consumer inflation report, new wholesale inflation data also came in better than expected. Retail sales surged by 1.3% in October as consumers continued spending despite inflation, showing the economy is not yet slowing. Jobless claims dropped by 4K last week despite expectations for an increase, demonstrating continued labor market strength. Housing starts were down 4.2% in October, with single-family projects dropping to the lowest level in nearly 2.5 years. Permits fell...

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Halfway Home Animal Rescue Team's A Night Of Compassion Event

Halfway Home Animal Rescue Team's A Night Of Compassion Event

𝐀 𝐍𝐢𝐠𝐡𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐬𝐬𝐢𝐨𝐧 𝐄𝐯𝐞𝐧𝐭 Over 270 people attended Halfway Home Animal Rescue Team's 𝐀 𝐍𝐢𝐠𝐡𝐭 𝐨𝐟 𝐂𝐨𝐦𝐩𝐚𝐬𝐬𝐢𝐨𝐧 𝐄𝐯𝐞𝐧𝐭 this year, with over 150 amazing prizes donated! Greenway's President attented the even in Patterson, New Jersey on Thursday, November 10th. Greenway Mortgage was recognized for their generous contributions made in 2021 as we raised over $30k in just three short days to help animals in need. 𝐀 𝐦𝐞𝐬𝐬𝐚𝐠𝐞 𝐟𝐫𝐨𝐦 𝐭𝐡𝐞 𝐇𝐚𝐥𝐟𝐰𝐚𝐲 𝐇𝐨𝐦𝐞...

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