on Thursday. A separate measure tracking daily averages saw rates fluctuate between 6.97% and 7.17% over the last seven days,
But there may be a light at the end of the tunnel for homebuyers. Bank of America Global Research economists expect multiple rate cuts over the next 24 months: four in 2025 and two in 2026, all in increments of 25 basis points, putting the 2026 final rates at 3.50% to 3.75%. The investment bank predicted four cuts in 2024 at the end of last year.. The rise in mortgage application volume was mostly driven by a short-lived rate drop during the week when daily rates softened near 7%.
At the current average rate, a homebuyer would pay about $1,600 monthly on a $300,000 home with a 20% down payment, Do you want to invest and compound wealth tax-free? Here are three top Canadian stocks to hold in a TFSA for a rest-easy retirement. The post Invest in These TFSA Stocks Now and Retire With Peace of Mind appeared first on The Motley Fool Canada.
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