Are you waiting for interest rates to come down again? Is it a good time to buy a home? In this video, we will discuss the outlook for interest rates and their impact on mortgages. We will explore how mortgage rates are directly related to the FED rate, which has been steadily increasing since March 2022. As a result, mortgage rates have been getting more expensive and peaking at around 7% in October. We will analyze FED's rate predictions and discuss where mortgage rates are heading. Our conclusion is that mortgage rates are likely to stay up for a while. If you are curious about when mortgages will be cheapest, it will be after 2025 when interest rates settle around 2.5%. Tune in to learn more
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Did you miss our previous article...
https://realestatevideos.club/Mortgages/canadian-interest-rates-surge-higher-on-us-debt-woes