Homeowners may see their mortgage rates drop up to 2.1%, saving up to $150 weekly on a $500K loan.

In 2025, homeowners with one-year mortgage fixes renewing in February could see their interest rates drop by up to 2.1 percentage points, potentially reducing weekly payments by up to $150 on a $500,000 loan. This could be the biggest savings since 2009. Lower interest rates, along with rising employment and higher export prices, may boost household spending from mid-year.

2 months ago
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