Powell is due to testify before the House Financial Services. a near-term interest rate cut following last Friday’s much better than expected jobs data. cme Group’s FedWatch Tool still points.
To get the best rates and options, aim for a 20% down payment. Don’t worry, you can still qualify for a mortgage. One route is to pay that PMI insurance on a conventional loan. It’s also possible to take on a second smaller loan to cover the difference in your down payment (often called a piggyback loan).
However, it’s important to review the pros and cons of taking. as well as your prospective interest rate. Looking at these.
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