I predict a .25% raise in rates. The target for inflation is 2% and we aren't anywhere near that yet.
Will be interesting to see if there is more movement in the real estate market in the near future. The increase in variable rates must be starting to hurt some people who didn't forsee their variable mortgages could ever increase and left themselves 0 financial wiggle room.
I also think there are a fair amount of potential buyers on the sidelines (especially in bigger cities) hoping the knife continues to fall.
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