The Bank of Canada’s rate cut benefits homeowners with variable-rate mortgages by reducing monthly payments. A 0.25% rate cut lowers payments by approximately $15/$100K of mortgage debt.
Interest Rate Cut Benefits Variable-Rate Mortgage Holders
The Bank of Canada’s rate cut benefits homeowners with variable-rate mortgages by reducing monthly payments. A 0.25% rate cut lowers payments by approximately $15/$100K of mortgage debt.
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