Blog - Rodney Ward

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Purchase First, Personalize After
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Another Welcomed Drop In Mortgage Interest Rates

Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending 01/19/2023, showing the 30-year fixed-rate mortgage (FRM) averaged 6.15 percent. “As inflation continues to moderate, mortgage rates declined again this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates are at their lowest level since September of last year, boosting […]
Buying

Yes, You Should Get Pre-Approved

I hear this from time to time – I don’t need to get pre-approved. And then I say, “Then you’re really not interested in buying a place, are you?”. One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what […]
All, Buying, Selling

Have Home Values Bottomed Out?

Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on many minds, based […]

Videos Purchase First, Personalize After

All Another Welcomed Drop In Mortgage Interest Rates Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending 01/19/2023, showing the 30-year fixed-rate mortgage (FRM) averaged 6.15 percent. “As inflation continues to moderate, mortgage rates declined again this week,” said Sam Khater, Freddie Mac’s Chief Economist. “Rates are at their lowest level since September of last year, boosting […]

Buying Yes, You Should Get Pre-Approved I hear this from time to time – I don’t need to get pre-approved. And then I say, “Then you’re really not interested in buying a place, are you?”. One of the first steps in your homebuying journey is getting pre-approved. To understand why it’s such an important step, you need to understand what pre-approval is and what […]

All Have Home Values Bottomed Out? Whether you’re already a homeowner or you’re looking to become one, the recent headlines about home prices may leave you with more questions than answers. News stories are talking about home prices falling, and that’s raising concerns about a repeat of what happened to prices in the crash in 2008. One of the questions that’s on many minds, based […]

Buying You Sure You Want To Wait For 3% Mortgage Rates Again? Last year, the Federal Reserve took action to try to bring down inflation. In response to those efforts, mortgage rates jumped up rapidly from the record lows we saw in 2021, peaking at just over 7% last October. Hopeful buyers experienced a hit to their purchasing power as a result, and some decided to press pause on their plans. Today, the […]

All Past Recessions Tell Us What About Today’s Housing Market It doesn’t matter if you’re someone who closely follows the economy or not, chances are you’ve heard whispers of an upcoming recession. Economic conditions are determined by a broad range of factors, so rather than explaining them each in depth, let’s lean on the experts and what history tells us to see what could lie […]

Buying You Got This! Some Highlights Buying a home is a major transaction that can seem even more complex when you don’t understand the terms used throughout the process. If you’re looking to become a homeowner this year, it’s important to know these housing terms and how they relate to the current market so you feel confident throughout the homebuying process. Let’s connect so […]

Videos Lining Them Up For 2023

All Mortgage Rate Drop Freddie Mac (OTCQB: FMCC) released the results of its Primary Mortgage Market Survey (PMMS) for the week ending 01/12/2023, showing the 30-year fixed-rate mortgage (FRM) averaged 6.33 percent. “While mortgage rates have resumed their decline, the market remains hypersensitive to rate movements, with purchase demand experiencing large swings relative to small changes in rates,” said […]

Selling Time To List Your Second Home? During the pandemic, second homes became popular because of the rise in work-from-home flexibility. That’s because owning a second home, especially in the luxury market, allowed those homeowners to spend more time in their favorite places or with different home features. Keep in mind, a luxury home isn’t only defined by price. In a recent […]

All Nothing Like 15 Years Ago There’s no doubt today’s housing market is very different than the frenzied one from the past couple of years. In the second half of 2022, there was a dramatic shift in real estate, and it caused many people to make comparisons to the 2008 housing crisis. While there may be a few similarities, when looking at […]

All Unpacking Those Negative Equity Headlines Home equity has been a hot topic in real estate news lately. And if you’ve been following along, you may have heard there’s a growing number of homeowners with negative equity. But don’t let those headlines scare you. In truth, the headlines don’t give you all the information you really need to understand what’s happening and at what […]

All What Experts Are Saying About the 2023 Housing Market If you’re thinking about buying or selling a home soon, you probably want to know what you can expect from the housing market this year. In 2022, the market underwent a major shift as economic uncertainty and higher mortgage rates reduced buyer demand, slowed the pace of home sales, and moderated home prices. But what about 2023? An article […]

Videos Why You May Want To Buy A Home?

Selling 3 Best Practices for Selling Your House In 2023 A new year brings with it the opportunity for new experiences. If that resonates with you because you’re considering making a move, you’re likely juggling a mix of excitement over your next home and a sense of attachment to your current one. A great way to ease some of those emotions and ensure you’re feeling […]

Buying Rental Trap If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward. In the past year, both current […]

Buying How Much To Save for a Down Payment If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves. One cost that’s likely top of mind is your down payment. But don’t let a common misconception about how much you need to save make the process harder than it could be. Understand 20% Isn’t […]

Videos Experts Help To Sell Your House

All Mortgage Rates Tick Up Freddie Mac (OTCQB: FMCC) today (12/29/2022) released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.42 percent. “The housing market remains in the doldrums with declining sales, inventory and prices,” said Sam Khater, Freddie Mac’s Chief Economist. “The declines in sales and deceleration in home prices began swiftly […]

Selling Why Hire A Pro To Sell Your House? With higher mortgage rates and moderating buyer demand, conditions in the housing market are different today. And if you’re thinking of selling your house, it’s important to understand how the market has changed and what that means for you. The best way to make sure you’re in the know is to work with a trusted housing […]

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