Q I am a first-time buyer hoping to get a mortgage soon and was wondering if I’m better going to a bank or a mortgage broker. Would it be easier and cheaper to just go to my own bank as they know me?
After months of speculation, the Federal Reserve cut interest rates last week. Federal Reserve Chair Jerome Powell also announced there are plans for more cuts later this year, and into next year.
The annual income buyers need to afford a house fell for the first time since 2020, driven by the first annual decline in mortgage rates in three years.