October 2024

October 2024 Market Update

Posted on Oct 08, 2024

Rate cuts to smooth over the 'mortgage renewal cliff' awaiting pandemic homebuyers

Many homeowners who will be renewing their five-year mortgages for the first time next year may be worried about a steep increase in their monthly payments. But faster and larger than expected interest-rate declines promise to reduce what analysts had dubbed the "mort...

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