From the January 2023 Market Watch Report by the Toronto Regional Real Estate Board: "While short-term borrowing costs increased again in January, negotiated medium-term mortgage rates, like the five-year fixed rate, have actually started to trend lower compared to the end of last year. The expectation is that this trend will continue, further helping with affordability as we move through 2023".
In this video, Dan is going to explain why fixed mortgage rates are actually falling when we just had another interest rate hike a couple weeks ago.
