GREENWAY BLOG

Greenway's Markets in a Minute | Higher Mortgage Rates Expected in 2018

For the Week Ending February 23, 2018 Please enjoy this quick update on what happened this week in the housing and financial markets. Minutes from the Fed's last FOMC meeting point to more policy rate hikes ahead. Officials have seen an increase in economic growth and an uptick in inflation. The Fed doesn't control mortgage rates, yet rates are influenced by the Fed's actions. As the Fed raises policy rates this year, mortgage rates will likely follow....

Now is a Good Time to Buy

Fed Policy Rate Increase Likely in March

Wondering If You Can Buy Your First Home?

There are many people sitting on the sidelines trying to decide if they should purchase a home or sign a rental lease. Some might wonder if it makes sense to purchase a house before they are married and have a family, others might think they are too young, and still, others might think their current income would never enable them to qualify for a mortgage. We want to share what the typical first-time homebuyer actually looks like based on the  National Association of REALTORS  most recent  Profile of Home Buyers & Sellers . Here are some interesting revelations on the first-time buyer: Bottom Line You may not be much different than many people...

Did You Know that 61% of First-Time Buyers Put Down Less than 6%?

According to the  National Association of Realtors’  latest  Realtors Confidence Index , 61% of first-time homebuyers purchased their homes with down payments below 6% from October 2016 through November 2017. Many potential homebuyers believe that a 20% down payment is necessary to buy a home and have disqualified themselves without even trying. The median down payment for all buyers in 2017 was just 10% and that percentage drops to 6% for first-time buyers. Zillow Senior Economist  Aaron Terrazas’ recent  comments  shed light on why buyer demand has remained strong, “Looking into 2018, rent is expected to continue...