Mortgage rate increases

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Canada housing market 2024: What to expect with interest rate cuts in the forecast
Mortgage rates continued to inch up this week, reaching percent. It is clear purchase demand is very sensitive to mortgage rates in the current market. US mortgage rates rose again this week, the fourth-straight weekly increase. That rise in borrowing costs has undone some of the relief. The Bank of England cut interest rates from 5% to % at its latest meeting in November - the second reduction in Interest rates affect the mortgage.