Mortgage Rates 2024 Forecast. The market consensus on the mortgage interest rate forecast in canada is for the central bank to cut rates by 0.25% from 4.75% to 4.50% at their july 2024 meeting. Bond yields, which lead fixed mortgage rates, are also expected to have reached their peak.
It also confirmed an upgrade to the uk’s outlook for 2024 to 0.7%, but kept its forecast for 2025 unchanged. 3:35 bank of canada cuts interest rate to 4.5%, macklem hints of more to come.
These Forecasts Change Frequently As Market Prices Change.
Interest rates will likely come down during 2024.
July 24, 2024 At 1:18 Pm Pdt.
Interest rates have remained frozen at 5.25% since august 2023.
Mortgage Rates 2024 Forecast Images References :
July 24, 2024 At 1:18 Pm Pdt.
The mortgage rate forecast at the end of the month 5.95%.
The Average Interest Rate, Per The Most Current Data Available As Of This Writing, Is 6.776%.
