Quote:
Originally Posted by Winsor_Pilates
Word on the street is the overnight rate likely hits 3% by end of next year (currently 4.25%).
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A lot of the forecasts I have seen have been between 2.5 optimistic and 3 at the high end. Most are about 2.75 by November of 2025. Still if you're a weak earner with sketchy credit and can only borrow at Bank prime-1% like me...that's still 4.1 which is double what a lot of people are paying right now. If you only have 5 years left on your mortgage it's not that bad. If you have 20...you will feel some pain.