by Cusack Associates | Jul 12, 2022 | Buyers & Sellers, Housing Market Updates, Interest Rates
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...
by Cusack Associates | Jul 7, 2022 | Buyers, Housing Market Updates, Interest Rates
According to a recent survey, more and more Americans are concerned about a possible recession. Those concerns were validated when the Federal Reserve met and confirmed they were strongly committed to bringing down inflation. And, in order to do so, they’d use their...
by Cusack Associates | May 9, 2022 | Buyers, First Time Home Buyers, Interest Rates
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly...
by Cusack Associates | Apr 13, 2022 | Buyers, Housing Market Updates, Interest Rates
There’s never been a truer statement regarding forecasting mortgage rates than the one offered last year by Mark Fleming, Chief Economist at First American: “You know, the fallacy of economic forecasting is: Don’t ever try and forecast interest rates and or, more...
by Cusack Associates | Mar 30, 2022 | Buyers, Housing Market Updates, Interest Rates, Pricing
Based on the Primary Mortgage Market Survey from Freddie Mac, the average 30-year fixed-rate mortgage has increased by 1.2% (3.22% to 4.42%) since January of this year. The rate jumped by more than a quarter of a point from just a week ago. Here’s a visual to show how...
by Cusack Associates | Feb 7, 2022 | Advice for Buyers and Sellers, Housing Market Updates, Interest Rates
The primary reason for the sellers’ market experienced in most United States of America is the lack of housing. This is because demand for housing exceeds the supply. However, the good news is coming from the U.S. Census Bureau for December of 2021. More housing...
