When will mortgage rates drop in Sudbury?
Our still-high inflation and hot jobs market are weighing on the state of mortgage rates — whether they’ll hold at current highs, continue to go up, or eventually come down.
I'm still expecting a pause at its next meeting or two at least, leaving its policy rate at the current 4.50 percent . The BoC is concerned about the effect of higher rates on indebted Canadian households and likely wants further evidence before deciding whether its benchmark rate needs more ratcheting.
If inflation doesn't come down fast enough, or our economy doesn’t show clear signs that it's slowing to a crawl, the BoC may consider raising rates again within the first half of 2023. If rates truly are paused, all the central bank’s machinations and efforts could magically line up with the right numbers for a glowy-soft economic touchdown — which is not what many economists expect after this past year's market turmoil.
As time goes by, assuming no more rate hikes, fixed rates may slowly decline as 2023 plods along, maybe as much as 0.50 percent for the commonly chosen 5-year fixed term.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Wolves take a bite out of the Generals with 5-1 winThe Sudbury Wolves dominated every facet of Friday night's home game against the Oshawa Generals
Lire la suite »
Biden's Selma visit puts spotlight back on voting rightsPresident Joe Biden is set to pay tribute to the heroes of “Bloody Sunday,' joining thousands for the annual commemoration of the seminal moment in the civil rights movement that led to passage of landmark voting rights legislation nearly 60 years ago.
Lire la suite »
Biden’s Selma visit puts spotlight back on voting rightsBiden to argue voting rights remains integral to delivering economic justice and civil rights for Black Americans during visit to Selma, Alabama
Lire la suite »
Biden's Selma visit puts spotlight back on voting rightsPresident Joe Biden arrived in Alabama to pay tribute to the heroes of 'Bloody Sunday,' joining thousands for the annual commemoration of the seminal moment in the civil rights movement that led to passage of landmark voting rights legislation nearly 60 years ago.
Lire la suite »
Military Museums shining spotlight on women in leadership in armed forcesThe Military Museums is shining the spotlight on women in leadership in the armed forces in advance of International Women's Day next week.
Lire la suite »
Oil prices down on Chinese outlook, spotlight on possible rate hikesBrent crude futures were trading down 71 cents at $85.12 a barrel at 1000 GMT, while U.S. West Texas Intermediate crude futures were also down 59 cents at $79.09
Lire la suite »