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What Lower Interest Rates Mean for Homeowners in 2024
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What Lower Interest Rates Mean for Homeowners in 2024
Are you wondering how the latest BOC interest rate cut could impact your mortgage and real estate decisions?
Today, I'm discussing the recent downward trend in interest rates and what it means for homeowners, especially those with variable-rate mortgages. I dive into forecasts by major lenders, explain how lower rates can affect your mortgage payments, and provide insights on whether a variable rate might be a better option now. Additionally, I address the broader implications for the real estate market, including potential changes in sales volume and home prices. Whether you're looking to buy, sell, or simply manage your mortgage, this video offers valuable perspectives.
In this video, I explore the recent trend of decreasing interest rates, its impact on mortgages, and what it could mean for the real estate market.
Follow along with these timestamps:
00:00 Intro
0:09 Rate Cut Update
1:12 Variable Mortgages
2:24 Impact on Homeowners
3:28 Effect on the Economy
4:24 Effect on the Real Estate Market
7:04 Let's chat!
7:29 Outro
P.S. Whenever you’re ready there are 3 other ways we can connect.
👉 1 - The ULTIMATE Home Buyers Guide
👉 2 - How to SELL Your Home FAST and For Top Dollar
👉 3 - Why I Became A Real Estate Agent
#mortgagerates #mortgage #bankofcanada
Follow me on social media:
Are you wondering how the latest BOC interest rate cut could impact your mortgage and real estate decisions?
Today, I'm discussing the recent downward trend in interest rates and what it means for homeowners, especially those with variable-rate mortgages. I dive into forecasts by major lenders, explain how lower rates can affect your mortgage payments, and provide insights on whether a variable rate might be a better option now. Additionally, I address the broader implications for the real estate market, including potential changes in sales volume and home prices. Whether you're looking to buy, sell, or simply manage your mortgage, this video offers valuable perspectives.
In this video, I explore the recent trend of decreasing interest rates, its impact on mortgages, and what it could mean for the real estate market.
Follow along with these timestamps:
00:00 Intro
0:09 Rate Cut Update
1:12 Variable Mortgages
2:24 Impact on Homeowners
3:28 Effect on the Economy
4:24 Effect on the Real Estate Market
7:04 Let's chat!
7:29 Outro
P.S. Whenever you’re ready there are 3 other ways we can connect.
👉 1 - The ULTIMATE Home Buyers Guide
👉 2 - How to SELL Your Home FAST and For Top Dollar
👉 3 - Why I Became A Real Estate Agent
#mortgagerates #mortgage #bankofcanada
Follow me on social media:
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