Why some mortgage renewal payments could rise into 2025 even with rates projected to drop

Variable-rate mortgage borrowers best hope the Bank of Canada gets inflation back to target by its mid-2025 estimate. That is, if a report from Desjardins on Thursday is any indication. A slower pace of rate cuts – let alone higher rates – would “translate into more pain for households at…#bankofcanada #desjardins #roycemendes #refinitiv #eachbankofcanada #bankofcanadas #canadians #carolynrogers #hanifbayat #usfederalreserve
Source: Reuters: Health - Category: Consumer Health News Source Type: news