Growing Interest Rates: How They Impact Homeowners and Their Everyday Life

Wednesday Jul 19th, 2023

Rising interest rates

As a Real Estate Broker, it's crucial to understand that interest rates are a key factor in the real estate market. When interest rates rise, it impacts not just the macroeconomic landscape but trickles down to the day-to-day life of homeowners. Mortgage Payments A higher interest rate means that new homebuyers will have higher mortgage payments. Existing homeowners with variable-rate mortgages will also see their monthly payments rise. This can strain budgets and force people to cut... [read more]


Disclaimer: Listing data is copyrighted by the Toronto Regional Real Estate Board (TRREB) and is intended solely for consumers genuinely interested in purchasing, selling, or leasing property. This data must not be used for commercial or any unauthorized purposes. While we strive to ensure accuracy, the Toronto Regional Real Estate Board and Yes Realty do not guarantee the reliability of this data.


Real Estate Websites by Web4Realty