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Category: Interest Rate & Promo (32 posts)

My Best Mortgage Rates for This Week, June 12, 2020

My Best Mortgage Rates for This Week, June 12, 2020

June 13, 2020 | Posted by: Maurice Kwok

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My Best Rates for the Coming Week

My Best Rates for the Coming Week

May 30, 2020 | Posted by: Maurice Kwok

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My Best Mortgage Rates for the Coming Week

My Best Mortgage Rates for the Coming Week

May 2, 2020 | Posted by: Maurice Kwok

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Bank of Canada: Key interest rate cut to lowest level

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 ... [read more]

My Best Mortgage Rates for This Week on March 14, 2020

My Best Mortgage Rates for This Week on March 14, 2020

March 14, 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 ... [read more]

Bank of Canada lowers interest rate by half a per cent

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 ... [read more]

Bank of Canada cuts rates as coronavirus virus delivers ‘negative shock

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 ... [read more]

FED delivers emergency rate cut as risks from coronavirus mount

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 ... [read more]

My Best Rates for This Week as of February 29, 2020

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

My Best Rates for This Week

February 15, 2020 | Posted by: Maurice Kwok

As usual, good rates may not last long!! ... [read more]

Mortgage rates fall amid sharp drop in bond yields

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 ... [read more]

Bank of Canada holds rates steady, sees weak fourth quarter spilling into early 2020

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 ... [read more]

Bank of Canada to Leave Key Interest Rate Unchanged This Week: Survey

Bank of Canada to Leave Key Interest Rate Unchanged This Week: Survey

January 20, 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 ... [read more]

My Best Mortgage Rates For This Week

My Best Mortgage Rates For This Week

January 19, 2020 | Posted by: Maurice Kwok

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My Best Mortgage Rates as of Jan 11, 2020

My Best Mortgage Rates as of Jan 11, 2020

January 11, 2020 | Posted by: Maurice Kwok

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My Weekly Best Rates as of Dec 6, 2019

My Weekly Best Rates as of Dec 6, 2019

December 6, 2019 | Posted by: Maurice Kwok

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Bank of Canada holds rates steady, sees signs of stabilizing world economy

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. ... [read more]

My best mortgage rates on Nov 23, 2019

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. ... [read more]

TD Fall Cash Bonus Offer up to $2,000 - ONLY 1 WEEK LEFT

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 ... [read more]

Best 5 Year Fixed Rate for Insured Mortgage

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 ... [read more]

My Best Mortgage Rates as of Nov 3, 2019

My Best Mortgage Rates as of Nov 3, 2019

November 3, 2019 | Posted by: Maurice Kwok

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U.S. Fed cuts interest rates, signals it is on hold

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 ... [read more]

Bank of Canada maintains overnight rate target at 1 ¾ percent

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 ... [read more]

Bank of Canada expected to hold line on interest rates again, but how long can it keep diverging from rest of world?

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 ... [read more]

5-Year Best Fixed and Variable Rate for Insured Purchase

5-Year Best Fixed and Variable Rate for Insured Purchase

October 26, 2019 | Posted by: Maurice Kwok

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Bank of Canada seen holding off on rate cut as inflation remains tame

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 ... [read more]

My Best Rate on Variable-Rate or Adjustable-Rate Mortgage (ARM)

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 ... [read more]

Fed cuts rates by quarter of a percentage point, gives mixed signals on next move

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 ... [read more]

Special 5-Year Fixed Rate for High-Ratio Insured Purchase

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 ... [read more]

Bank of Canada keeps overnight rate target at 1¾%

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 ... [read more]

Mortgage Magazine 8-18-2015 Issue

Mortgage Magazine 8-18-2015 Issue

August 18, 2015 | Posted by: Maurice Kwok

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Mortgage Magazine on June 12, 2015

Mortgage Magazine on June 12, 2015

June 12, 2015 | 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 ... [read more]

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Maurice Kwok
Maurice Kwok, MBA CPA MA
Toronto, Mortgage Broker

Treating Your Mortgage as Mine!