10/23/2024
RATE DROP ALERT! π¨
The Bank of Canada has just lowered the overnight rate to 3.75% from 4.25%, bringing some relief to mortgage holders! π‘
β’ Variable mortgage & HELOC holders can expect a drop in their interest rates, which means lower monthly payments on average β about $30 per $100k financed. π°
β’ With inflation slowing to 1.6%, forecasters expect more cuts throughout 2024 and 2025. π
β’ Curious about how this affects your mortgage or ready to explore new financing options? Letβs talk!
Next rate update: December 11, 2024 π
DM me for a FREE mortgage assessment or to discuss how these changes impact you!