Aspiring homeowners did not have a great 2023. While mortgage rates and residential prices steadily went up, average monthly mortgage payments hit levels that were unheard of. People on the lookout to buy homes and existing homeowners with a flexible mortgage plan felt the heat. The restrictive monetary policy employed by the Fed to tackle the four-decade-high inflation in the United States was almost singularly responsible for home prices shooting through the roof. However, with the first rate cut expected ...