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Are you curious about the latest interest rate trends and what they mean for you? Let's explore the recent changes and predictions for the future. Join me as we explore the potential impact on buyers and sellers in the Langley and Fraser Valley real estate market.
Here's a quick overview:
📉 Interest Rate Overview:
- Recent Cuts: A 25 basis point cut on July 24, adding to an earlier cut for a total 0.5% reduction in 2024.
- Predicted Path: TD, CIBC, RBC, BMO, and Scotia forecast a gradual decline to 2.75% by Q4 2025.
- Upcoming Announcements: Bank of Canada updates on September 4, October, and December.
🤔 What This Means for You:
- Lower Payments: Lower rates mean more affordable mortgage payments.
- Market Stability: As rates decrease, we expect more price stability in the market.
- Buyer Advantage: More affordable choices for buyers.
- Seller Timing: Increased inventory now, but better price stability ahead.
💼 Expert Advice from Rita Cousins:
- Mortgage Options: Fixed or floating—Rita can help you choose the best option.
- Navigate Changes: Guidance through these times for the best mortgage solutions.
- http://www.ritacousins.com/
👉 Thinking of Buying or Selling?
Preparation Tips: Now is the time to get your home in top-notch condition.
Book a Consultation: Click the link to schedule a call at your convenience.
📅 https://calendly.com/andyschildhorn
📞 778.835.8957
📧 [email protected]
🌐 www.AndytheRealtor.com
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🏡 Thanks for watching, and see you next week! 👋
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