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Category: Interest Rate & Promo (36 posts)
Bank of Canada stands pat in year’s final rate decision, balancing COVID-19 risks with vaccine optimism
December 9, 2020 | Posted by: Maurice Kwok
The Bank of Canada stood pat on monetary policy in its final scheduled interest-rate decision of an eventful 2020, balancing the near-term economic risks from the second wave of the COVID-19 virus wit ...
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Mortgage Rates May Rise as Bank of Canada Ends Emergency Pandemic Program
October 26, 2020 | Posted by: Maurice Kwok
The Bank of Canada is ending one of its emergency measures to stimulate the COVID-19 economy, leading to speculation that the era of record-low mortgage rates could be ending, too. What's more likely ...
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My Best Mortgage Rates for The Coming Week, July 18, 2020
July 18, 2020 | Posted by: Maurice Kwok
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My Best Mortgage Rates for This Week, June 12, 2020
June 13, 2020 | Posted by: Maurice Kwok
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Bank of Canada: Key interest rate cut to lowest level
March 27, 2020 | Posted by: Maurice Kwok
The Bank of Canada cut its key interest target by half a percentage point to 0.25 per cent in an unscheduled rate announcement Friday. The central bank said its decision to lower rates is ...
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Bank of Canada lowers interest rate by half a per cent
March 13, 2020 | Posted by: Maurice Kwok
Bank of Canada lowers overnight rate target to ¾ percent The Bank of Canada is cutting its overnight rate target by half a percentage point to 0.75 per cent in response to COVID-19. The centr ...
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My Best Mortgage Rates for This Week on March 14, 2020
March 9, 2020 | Posted by: Maurice Kwok
Better to have a chat of your situation for me to work out the best solutions for you! Maurice 416.618.9312 (cell, text, WhatsApp) maurice@sherwoodmortgagegroup.com Proudly serving the GTA si ...
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Bank of Canada cuts rates as coronavirus virus delivers ‘negative shock
March 4, 2020 | Posted by: Maurice Kwok
The Bank of Canada cut its key interest rate by 50 basis points Wednesday in response to the “material negative shock” of the COVID-19 virus. The bank lowered its target for the overnight ...
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FED delivers emergency rate cut as risks from coronavirus mount
March 3, 2020 | Posted by: Maurice Kwok
The U.S. Federal Reserve has made its first emergency rate cut since the financial crisis and the Group of Seven nations pledged to “use all appropriate policy tools” to protect the global ...
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My Best Rates for This Week as of February 29, 2020
February 29, 2020 | Posted by: Maurice Kwok
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My Best Rates for This Week
February 10, 2020 | Posted by: Maurice Kwok
As usual, good rates may not last long!! ...
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Mortgage rates fall amid sharp drop in bond yields
February 5, 2020 | Posted by: Maurice Kwok
Toronto-Dominion Bank is the first major Canadian lender to lower its posted rate for five-year fixed rate mortgages amid falling bond yields. TD, Canada’s second-largest mortgage lender, cut i ...
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Bank of Canada holds rates steady, sees weak fourth quarter spilling into early 2020
January 22, 2020 | Posted by: Maurice Kwok
The Bank of Canada expects weaker fourth quarter growth to spill over into early 2020, before the Canadian economy picks up later this year thanks in part to the easing of global trade tensions. As e ...
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Bank of Canada to Leave Key Interest Rate Unchanged This Week: Survey
January 13, 2020 | Posted by: Maurice Kwok
OTTAWA—The Bank of Canada is widely expected to keep its benchmark overnight interest rate unchanged this week with policy makers signaling no immediate intent to ease policy despite broad-based ...
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Bank of Canada holds rates steady, sees signs of stabilizing world economy
December 4, 2019 | Posted by: Maurice Kwok
The Bank of Canada kept its key interest rate unchanged in its final rate decision of 2019, citing signs of a stabilizing global economy and the “resilience” of Canada’s consumers. ...
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My best mortgage rates on Nov 23, 2019
November 23, 2019 | Posted by: Maurice Kwok
My Best Rate for this Week: Let's have a chat at 416-618-9312! Different lenders offer different promotion rates and their requirements are different. ...
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TD Fall Cash Bonus Offer up to $2,000 - ONLY 1 WEEK LEFT
November 22, 2019 | Posted by: Maurice Kwok
One Week Left to Submit! It is a reminder to get your submissions in to TD Bank Mortgage Broker Services before November 29th for your deals and clients to be eligible for the fall cash bonus of ...
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Best 5 Year Fixed Rate for Insured Mortgage
November 16, 2019 | Posted by: Maurice Kwok
Best Five-Year Fixed Rate Chartered Bank For purchase or straight switch (no new fund) Rate hold for 120 days Income and credit qualified Qualifying rate is Bank of Canada Bench ...
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U.S. Fed cuts interest rates, signals it is on hold
October 31, 2019 | Posted by: Maurice Kwok
WASHINGTON (Reuters) - The Federal Reserve on Wednesday cut interest rates for the third time this year to help sustain U.S. growth despite a slowdown in other parts of the world, but signaled there w ...
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Bank of Canada maintains overnight rate target at 1 ¾ percent
October 30, 2019 | Posted by: Maurice Kwok
The Bank of Canada today maintained its target for the overnight rate at 1 ¾ percent. The Bank Rate is correspondingly 2 percent and the deposit rate is 1 ½ percent. The outlo ...
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Bank of Canada expected to hold line on interest rates again, but how long can it keep diverging from rest of world?
October 29, 2019 | Posted by: Maurice Kwok
The Bank of Canada is expected to hold interest rates steady one more time this week – and in doing so, separate itself further from the pack of central banks. Economists and market watchers al ...
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5-Year Best Fixed and Variable Rate for Insured Purchase
October 21, 2019 | Posted by: Maurice Kwok
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Bank of Canada seen holding off on rate cut as inflation remains tame
October 16, 2019 | Posted by: Maurice Kwok
The annual inflation rate unexpectedly held steady at 1.9 per cent in September, Statistics Canada said on Wednesday in its last major release of economic data before a national election, further redu ...
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My Best Rate on Variable-Rate or Adjustable-Rate Mortgage (ARM)
September 20, 2019 | Posted by: Maurice Kwok
Here is the case: Purchase price: C$450,000 Minimum down payment 5%: $22,500 Mortgage before high-ratio insurance premium: $427,500 CMHC / Genworth Financial / Canada Guaranty one-time insurance ...
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Fed cuts rates by quarter of a percentage point, gives mixed signals on next move
September 18, 2019 | Posted by: Maurice Kwok
The U.S. Federal Reserve cut interest rates by a quarter of a percentage point for the second time this year on Wednesday in a widely expected move meant to sustain a decade-long economic expansion, b ...
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Special 5-Year Fixed Rate for High-Ratio Insured Purchase
September 12, 2019 | Posted by: Maurice Kwok
Less than 20% down payment, to be insured by CMHC or Genworth Financial or Canada Guaranty For Owner-occupied, 90 days rate hold for resale or 120 days for brand new construction Income qualified, g ...
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Bank of Canada keeps overnight rate target at 1¾%
September 4, 2019 | Posted by: Maurice Kwok
Ottawa, Canada, September 4, 2019 The Bank of Canada today maintained its target for the overnight rate (note 1) at 1 ¾ %. The Bank Rate is correspondingly 2 percent ...
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Mortgage Magazine on June 12, 2015
July 15, 2019 | Posted by: Maurice Kwok
Online secure application link: https://application.malink.ca:8112/App/MC02/KWOKM/en-ca/4030 Client Consent Form (for signature and return): http://www.mortgagefortoronto.ca/documents/PIPEDA-cons ...
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