Mortgage Rates Canada 2024 Reddit
We want common sense housing laws that ensure: Here is our situation, we live in ontario and our current mortgage is up for renewal in january of 2024.
I’m looking to buy soon and i’d just like to have an idea of renewals vs. But 2024 is starting to show signs of a modest recovery, with mortgage rates expected to steadily trend down in the coming months, just in time for the spring.
Our Current Interest Rate Is At 2.85% Fixed For 5 Years.
Prime is currently at 7.2%.
The Average Home Sold Price Reached $600,220 In April 2024, For A 6.1% Annual Increase.;
There is a cost for added security of a fixed mortgage.
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In This Case, Mortgage Rates Have Already Started To Come Down, So Saying They Won't Is Nonsense.
They certainly wont hit 1% but i don't think anyone with any common sense.
It Ultimately Depends On Your Financial Situation.
The bank of canada’s governing council believes it’s too early to say when they can start easing interest rates, according to a summary of deliberations from its.
