Will Mortgage Rates Go Down In 2024 Ontario. Will interest rates go down in 2024? The federal reserve won't make its next rate decision until september 18, but homebuyers are already getting.

Over 2024, higher interest rates would reduce household spending and thus bring down the aggregate demand in the canadian economy. Both fixed and variable mortgage rates have been higher than any other time in recent memory, leading many new home buyers and existing mortgage holders to choose fixed rates to avoid further.