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Mortgage Rates Feb. 3rd, 2014 | Scott Dawson
(778) 668-9320 [email protected]

Here’s our weekly mortgage rate update with the Big 6 Bank and Credit Unions 5yr fixed rates along with the best Verico Paragon Pacific mortgage rates for February 3rd, 2014.

Lowest 5 Year Fixed Rate is 3.04%

The lowest 5 year fixed rate mortgage is 3.04%. Please contact us for more info on this low rate offer.

Best 5 Year Variable Rate is 2.35%

The best 5 year variable rate is Prime minus .65%. Variable rates are now coming back into favour since fixed rates have increased. As long as you can qualify using the Benchmark Qualifying Rate this is a good option. My suggestion to those that want a Variable rate mortgage is to set their payments to match the five year fixed rate and you will not only pay off your mortgage faster but also cushion yourself from any Bank of Canada rate increases.

5 yr Fixed Rate Mortgage Big 6 Bank Comparison

Bank of Montreal – 3.69% (Warning: Low rate no-frills)
TD Canada Trust – 3.69%
RBC Royal Bank – 3.69%
CIBC – 3.69%
Scotiabank – 3.49%
National Bank – 5.34%

5 yr Fixed Rate Mortgage Vancouver Credit Union Comparison

Vancity Credit Union – 3.55%
Coast Capital Savings – 3.65%
Westminster Savings – 3.65%

What are today’s Verico mortgage rates?

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Lock in Your Rate

Questions about Mortgage rates?

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*Rates shown subject to change at any time.Interest rates shown are from each lenders internet mortgage rate page. O.A.C.