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supafamous · 12-09-2024, 02:43 PM

https://www.bnnbloomberg.ca/investin...n-2025-berman/

Betting markets are saying to expect another 50bps rate cut this week to get us to 3.25 (within range of "neutral") because of shaky looking employment numbers. Currency will likely take a big hit as a result though.

Don't expect big movements in fixed rates though - the markets have largely priced those in but you might see that variable rates become competitive with fixed now. Ratehub currently shows variable rates as low as 5% so this should get us down to 4.5% with more cuts expected.

12-09-2024, 02:43 PM	#33729
supafamous RS has made me the bitter person i am today! Join Date: Mar 2011 Location: Vancouver Posts: 4,867 Thanked 5,635 Times in 2,277 Posts Failed 123 Times in 58 Posts	https://www.bnnbloomberg.ca/investin...n-2025-berman/ Betting markets are saying to expect another 50bps rate cut this week to get us to 3.25 (within range of "neutral") because of shaky looking employment numbers. Currency will likely take a big hit as a result though. Don't expect big movements in fixed rates though - the markets have largely priced those in but you might see that variable rates become competitive with fixed now. Ratehub currently shows variable rates as low as 5% so this should get us down to 4.5% with more cuts expected. __________________ Current: 2019 Acura RDX Gone: 2007 Acura TSX, 2008 Mazda 3 GT, 2003 Mazda Miata LS, 2008 Mazda Miata GT PRHT, 2003 Mazda Protege 5