Michael Senior

Honouring the past. Celebrating the present. Building the future. ✊🏾🖤

⁣ 𝐈𝐧𝐭𝐞𝐫𝐞𝐬𝐭 𝐑𝐚𝐭𝐞 𝐔𝐩𝐝𝐚𝐭𝐞: 𝗪𝐡𝐚𝐭 𝐈𝐭 𝐌𝐞𝐚𝐧𝐬 𝐟𝐨𝐫 𝐘𝐨𝐮!⁣⁣⠀
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The Bank of Canada just cut its key rate to 2.25%, marking another step toward easing borrowing costs, but also hinting that this could be the last cut for a while.⁣⁣⠀
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Here’s how it impacts you:⁣⁣⠀
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𝐇𝐨𝐦𝐞𝐛𝐮𝐲𝐞𝐫𝐬: Lower rates mean lower payments and possibly more competition in the market. If you’ve been waiting to buy, now’s the time to get pre-approved and ready.⁣⁣⠀
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𝐇𝐨𝐦𝐞𝐨𝐰𝐧𝐞𝐫𝐬: If you’re on a variable rate or coming up for renewal, you’ll likely see some welcome relief. But plan ahead, rates may start to stabilize here.⁣⁣⠀
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𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫𝐬: This could be a short-term window to lock in a lower rate before the market shifts again.⁣⁣⠀
My advice, don’t wait for “the perfect” moment, let’s create your perfect mortgage plan.⁣⁣⠀
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DM me to review your current mortgage, explore refinancing, or get pre-approved before the next market move.⁣⁣⠀
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