GREENWAY BLOG

1 August 2025

MarketMinute | Starter home sales are on the rise

The Fed held policy rates steady at this week’s meeting, as it monitors the economic and inflationary fallout from tariffs. June's PCE inflation index increased at one of the fastest paces this year, while consumer spending barely rose, demonstrating the effects of tariffs. Multiple reports this week showed the labor market remains resilient, supporting the Fed's stance to hold policy rates steady. Sales of starter homes grew 3.9% year over year in June, reaching a two-year high. Their...

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30 July 2025

Best Ways to Use a Home Equity Line of Credit (HELOC)

  What Can You Use a HELOC For? A Home Equity Line of Credit (HELOC) gives homeowners flexible access to the equity they’ve built in their property. At Greenway Mortgage, we see this as a powerful tool to help borrowers take the next step—whether that’s upgrading their home, managing debt, or preparing for the future. With no hard restrictions on how the funds are used, a HELOC offers the freedom to reach both financial and personal goals. Let’s take a look at some of the most effective ways to put your HELOC to work. Best Ways to Use a HELOC: Home improvements Debt consolidation Education...

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25 July 2025

MarketMinute | Home prices gains are higher in one segment

Jobless claims fell for a 6th week, underscoring the resilience of the labor market. Continuing claims held steady at 1.96 million. Consumer sentiment inched up in July to the highest level since February. Inflation fears eased, though concerns about future prices lingered. Leading indicators suggest the U.S. economy will slow. Tariffs are expected to drive up prices and weigh more heavily in the year's 2nd half. The median home price hit a record $435,300 in June, a 2% increase over last year....

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15 July 2025

Is it a good idea to use a HELOC to consolidate debt?

  Why a HELOC is a Smart Choice for Homeowners Looking to Consolidate Debt Carrying a large debt can feel like walking around with a giant rain cloud over your head. Overwhelming debt usually comes from student loans, credit cards, personal loans, and auto loans. If you are a homeowner, a home equity line of credit (HELOC) could be a good way to consolidate debt and lower interest rates, making it easier to get out from under the cloud.    Key Takeaways: A HELOC can be a smart choice for homeowners looking to consolidate debt because it typically offers a lower interest rate. This makes paying off the loan easier, as the...

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11 July 2025

MarketMinute | See real estate's legislative wins

In a recent Fed survey, consumers expected inflation to be at 3% a year from now, down from previous surveys and back to pre-tariff levels. Last week's stronger-than-expected jobs data surprised markets and took chances of a July Fed policy rate cut off the table. Continuing unemployment claims, an indicator of the total unemployed population, came in at the highest level since November 2021. Purchase mortgage applications rose 9% for the week and were a staggering 25% higher than the same week a...

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