Blog - Rodney Ward

All, Buying, Selling

Mortgage Rates Volatile

Freddie Mac today (07/14/2022) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.51 percent. “Mortgage rates are volatile as economic growth slows due to fiscal and monetary drags,” said Sam Khater, Freddie Mac’s Chief Economist. “With rates the highest in over a decade, home prices at […]
All, Buying, Selling

Housing Experts Say This Isn’t a Bubble. So What Is It?

With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is not a bubble ready to […]
All, Buying

Help! Should I Buy a Home Right Now?

If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision. The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel […]
All, Buying, Selling

What Are Housing Experts Saying Now About What’s Ahead For 2022?

The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of […]

All Mortgage Rates Volatile Freddie Mac today (07/14/2022) released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.51 percent. “Mortgage rates are volatile as economic growth slows due to fiscal and monetary drags,” said Sam Khater, Freddie Mac’s Chief Economist. “With rates the highest in over a decade, home prices at […]

All Housing Experts Say This Isn’t a Bubble. So What Is It? With so much talk about an economic slowdown, some people are asking if the housing market is heading for a crash like the one in 2008. To really understand what’s happening with real estate today, it’s important to lean on the experts for reliable information. Here’s why economists and industry experts say the housing market is not a bubble ready to […]

All Help! Should I Buy a Home Right Now? If you’ve been thinking about buying a home, you likely have one question on the top of your mind: should I buy right now, or should I wait? While no one can answer that question for you, here’s some information that could help you make your decision. The Future of Home Price Appreciation Each quarter, Pulsenomics surveys a national panel […]

All What Are Housing Experts Saying Now About What’s Ahead For 2022? The housing market is at a turning point, and if you’re thinking of buying or selling a home, that may leave you wondering: is it still a good time to buy a home? Should I make a move this year? To help answer those questions, let’s turn to the experts for projections on what the second half of […]

All Recent Drop in Mortgage Rates Good News For Homebuyers Over the past few weeks, the average 30-year fixed mortgage rate from Freddie Mac fell by half a percent. The drop happened over concerns about a potential recession. And since mortgage rates have risen dramatically this year, homebuyers across the country should see this decline as welcome news. Freddie Mac reports that the average 30-year rate was down to 5.30% from […]

All Protect Yourself Against Wire Fraud One of the unfortunate realities of today’s world is that wire fraud exist. it is very important that you protect yourself against wire fraud whether you’re buying of selling. Have the conversation with your real estate agent, title company and or attorney working with you in your real estate transaction. Understand who will be asking […]

Buying Pre-Approval Is A Strategic Move

All Growing Home Equity Is Great News if You Plan To Move Some Highlights According to the latest data from CoreLogic, the average homeowner gained $64,000 in home equity over the past 12 months. That much equity can be a game-changer when you move. When you sell, it could be some (if not all) of what you need for a down payment on your next home. To find out how much equity you have in […]

All Average Mortgage Rate for 30-Year Drops to 5.3% Freddie Mac today released the results of its Primary Mortgage Market Survey® for the week ending July,7, 2022 showing that the 30-year fixed-rate mortgage (FRM) averaged 5.30 percent. “Over the last two weeks, the 30-year fixed-rate mortgage dropped by half a percent, as concerns about a potential recession continue to rise,” said Sam Khater, Freddie […]

All What Does an Economic Slowdown Mean for the Housing Market? If you’ve been watching the news or reading the newspaper you can’t miss all of the talk about a possible recession. The Federal Reserve is trying to engineer a so-called soft landing for the economy as it raises interest rates to fight inflation. Fighting inflation is one of the Federal Reserves’ primary mandates. According to […]

All How Your Equity Can Grow over Time It’s true that record levels of home price appreciation have spurred significant equity gains for homeowners over the past few years. As Diana Olick, Real Estate Correspondent at CNBC, says: “The stunning jump in home values over the course of the Covid-19 pandemic has given U.S. homeowners record amounts of housing wealth.” That’s great for your home’s value over the […]

All Tips for Buying Your First House So you’re ready to buy your first house. Here are a few tip from the Federal Housing Administration (FHA) for you to review. Knowledge is power, especially when it comes to homebuying. Use this information to become more knowledgeable about the homebuying process. You increase your ability to be succeed in achieve your goal of […]

All Affording a Home Did you know what it takes to afford a home? This presentation by the federal Housing Administration (FHA) helps you to understand what affording a home means. There’s more to homing a home than paying the principal and interest on a loan. Understanding what it takes to afford a home will help you as you […]

All Qualifying for a Loan What is one of the most important first steps in your homebuying journey? Getting the pre[approval letter from your lender and qualifying for a loan. Most sellers today will not even entertain an offer for their property without a pre-approval letter is the buyer is financing the purchase of the property. It’s important as a […]

All Dispelling Homebuying Myths One of the most important aspects of buying a house is understanding what it takes to be successful. This presentation from the Federal Housing Administration is your opportunity to learn more about homebuying. FHA loans are one of of the most used financing vehicles for homebuyers. Take an opportunity to view this presentation. Contact me […]

All Is Homeownership Still the American Dream? Defining the American dream is personal, and no one individual will have the same definition as another. But the feelings it brings about – success, freedom, and a sense of prosperity – are universal. That’s why, for many people, homeownership remains a key part of the American dream. Your home is your stake in the community, a strong financial […]

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All The American Dream Is Still Attainable

All A Pause In Mortgage Interest Rate Upward Moves. A little bit of a breather this week in the upward movement of mortgage interest rates. Freddie Mac today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.70 percent. “The rapid rise in mortgage rates has finally paused, largely due to the countervailing forces of high inflation […]

All If You’re Selling Your House This Summer, Hiring a Pro Is Critical It can be tempting, especially with how hot the housing market has been over the past two years, to consider selling your home on your own. But today’s market is at a turning point, making it more essential than ever to work with a real estate professional. Not only will a trusted real estate advisor keep you […]

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