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Sunday, 12/17/2023 11:57:33 PM

Sunday, December 17, 2023 11:57:33 PM

Post# of 13959
I was also going to say Mike that next year is going to be so brutal on so many good people and their homes. I’m going to hate watching that. People better buckle up cause those rates won’t be coming down as quick as they want. Mortgages will need to be renewed at the present rates. People renewing this year won’t be able to use the rate cuts and it’s going to be insane. It gives me a huge pit in my stomach knowing what’s to come. Only saving grace for some is deflating prices but even then it’s going to be vicious. Policy rate cuts will not drop mortgage rates as quickly as they want. 2025 renewers will be better off but still not so much better. Any ways. Just feel bad for them. It sucks to see these things coming before most do. Knowledge is power but sometimes having that knowledge sucks. lol. I hope everyone I know on these boards aren’t feeling the crunch. Big waves ahead in 2024. Stay positive. Stay strong. Just one more year to go. 2025 will be a much better year. Hula Hula Cuckoo Penny

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