The US Federal Reserve Rate Cut Could Impact Canadian Mortgages Too; Here’s How

A for sale sign is displayed in front of a house in the Riverdale area of Toronto in a file photo. The Canadian Press/Evan Buhler

The recent interest rate cut by the U.S. central bank could also have an impact on lowering mortgage rates in Canada, experts say.

The U.S. Federal Reserve cut its key rate on Sept. 18 by 50 basis points to a range between 4.75 percent and 5 percent, marking the first U.S. rate cut in more than four years.