Kelowna Mortgage Chris Murphy

09/10/2024

Changing lenders at renewal just got easier. I can help provide your best options for rates and future needs. Call me for more information.

24/09/2024

New mortgage changes for higher priced homes

11/04/2024

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23/02/2024

A holiday season fundraiser launched in 2020 by the Rotary Club of Kelowna Sunrise has raised more than $455,000 over the past three years.
The third annual Season of Giving Calendar brought in just over $134,000. The funds will support community programs focused on child, youth and infant health and other Rotary projects.
Among the recipients are the Kelowna General Hospital Foundation, which received a cheque for $45,000 dedicated to purchasing equipment for infants, mothers and nurses in the Neonatal Intensive Care Unit at KGH.
Another $45,000 has been presented to the Child and Youth Advocacy Center (CYAC). "As demand for our services continues to increase, we are so thankful for Sunrise Rotary’s steadfast support. Every Calendar sold makes the future a little bit brighter for our community’s most vulnerable children,” notes Ginny Becker, executive director, Child & Youth Advocacy Center.

The Season of Giving Calendar was first created in 2021. Presenting sponsor Business Finders Canada has supported the fundraiser since its inception.

14/02/2024

I recieved a wonderful expression of support from long time client and friend Adrian
Since over 13 years now we are working with Chris. He helped us realizing multiple projects.
The approach Chris used to tackle the various (not always easy to accomplish) tasks was enormously satisfying: quick responses, always attainable and full of recourses.
For every individual Financing he found us the perfect fit.
If you are looking for a Mortgage Broker that looks out for you, Chris is your contact.
I am and always will recommend Chris to my family and friends.
Adrian

Call now to connect with business.

14/02/2024

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January Jobs Report Dispells Recession Fears Today’s StatsCanada Labour Force Survey for January was a mixed bag and shows the dramatic effect of surging immigration. Canadian employment rose by a stronger-than-expected 37,300, but part-time jobs rose by 48,900, and in the public sector, the gain ...

25/01/2024

Dr Cooper is suggesting mid summer Bank of Canada could drop Prime rate by 1/4%. Lots to watch for as inflation proves stubborn to drop down as quickly as one would hope for.

The Bank of Canada Holds Rates Steady And Expects Rate Cuts Later This Year Today, The Bank of Canada held the overnight rate at 5% for the fourth consecutive meeting but provided an outlook suggesting that monetary easing will begin by mid-year. The Bank forecasts a soft landing for the Canadian ec...

07/12/2023

Dr Cooper summarizes "Bond yields peaked in early October and have fallen by nearly 100 basis points. This has led to reductions in fixed mortgage rates; however, those cuts have been far less than historical experience would have suggested, given the rally in 5-year government bonds. Cuts in variable mortgage rates await a reduction in the overnight policy rate, which triggers a commensurate decline in the prime rate, which is currently stuck at 7.2%. I expect the BoC to begin cutting the policy rate by the middle of next year, taking it down a full percentage point to 4% by yearend. " That would be welcome to a lot of folks looking at mortgage renewal in 2024.

The Bank of Canada Held Rates Steady and Took A More Neutral Tone It was widely expected that the Bank of Canada would maintain its key policy rate at 5% for the third consecutive time. It will continue to sell government securities (quantitative tightening) to normalize its balance sheet. Market pa...

30/11/2023

Dr Cooper is stepping out in a big way with "I expect that the Bank of Canada will gradually cut interest rates beginning in the second quarter of next year, taking the overnight rate down 200 basis points to 3.0% by year's end. "

Big drop in her forecast. We'll see.

The Table Is Set For Rate Cuts In 2024 The Canadian economy weakened far more than expected in the third quarter, down 1.1% annually. However, the Q2 figures were revised up significantly from a 0.2% decline to a rise of 1.4%. Such are the vagaries of economic data. The Canadian economy is contracti...

20/11/2023

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Checkout for the Season of Giving Calendar – 12 Days of Prizes. Order tickets for the Prize Raffle.