• Sprawlie@lemmy.world
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      2 months ago

      There’s backer expectations of at least one drop in the second half of 2024

      I’d you look at bank gic rates you’ll see an indication of what the bankers are predicting

      For example, short term 1 year or less, have better rates than 2-5 because of this sentiment

      That doesn’t mean it’s guaranteed, just the overall direction that is being expected

      However, of you have some cash, there OSS some quick 5% returns to earn on 8 month gics lately

  • Nevrome
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    2 months ago

    Apparently people didn’t get the notice. Mortgage interest rates are still >5% for anyone renewing now. Three new houses are being built right now in the street behind mine.

    Weird how our neighbourhood didn’t see any new buildings from 2016-2022 but now it rains, it pours.

  • Showroom7561
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    2 months ago

    Holds interest rate… things moving in the right direction.

    I don’t know about anyone else, but not moving isn’t moving in any direction 🤔