Mortgages: 2023 Recap & 2024 Outlook

When it comes to mortgages, 2023 year was undeniably interesting. Looking ahead, we hope for a phase of interest rate normalization and improved options for buyers and those with mortgages renewing in 2024. 2023’s Fixed Rate Drop Moving into specifics, in Q4 2023, fixed rates dropped significantly (by 1.1% to 1.5%), providing relief for borrowers. […]