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A new Amortization Simulator with the market's latest forward rate expectations is downloadable from the mortgage tools.
Canadian fixed mortgage rates are so tied to U.S. monetary policy, they should probably ask for a green card.
Most borrowers don’t realize how important this cross-border relationship is, so a touch of Fed history offers enlightenment.
Looking at the six easing cycles prior to the pandemic, what we learn is that once the Fed makes its initial rate cut:
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