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MARKET INSIGHTS: HOW INTEREST RATES AFFECT YOUR MONTHLY PAYMENTS
Good News: Interest rates are dropping!
On September 4, 2024 the Bank of Canada rate dropped by 25 basis points to 4 25% A further reduction of 25% - 50% is expected in late October
If you have a variable mortgage or are currently negotiating the terms of your loan, lower interest rates make it easier to afford your dream home or save more each month
Check out this interactive calculation tool see how rate changes impact your monthly payments
Ready to take advantage? Let me connect you with one of the outstanding financing experts in my network so you can find a tailor-made solution to suit your needs.
JO SIMONETTI, Residential Real Estate Broker
KW Prestige
