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  • Writer's pictureLaurie & Shapoor

What Recent Bank Failures Mean for Mortgage Rates and You

Recent bank failures have brought mortgage rates down—and economists predict they could fall even further in the coming months.

As expert real estate professionals, we’re closely monitoring this situation and are here to help you navigate it.

BUYERS: Be prepared to lock in a low rate when the time is right. Working with a knowledgeable agent is key. We can also refer you to a trusted mortgage professional who can help you get pre-qualified for a home loan.

SELLERS: A dip in mortgage rates could mean more buyers in the market. If you’ve been considering selling your home, now may be the perfect time. We can help you prep your home and get it listed quickly to take advantage of a possible increase in demand.

HOMEOWNERS: If your existing mortgage is up for renewal or you have a variable rate, you could secure a fixed rate with more favourable terms. Let us connect you with a mortgage professional to discuss your options.

Don’t miss out on this potential window of opportunity! Contact us today to schedule a free consultation.

Laurie: 514-575-7984

Shapoor: 514-295-8787

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