Here’s our weekly mortgage rate update with the Big 6 Bank and Credit Unions 5yr fixed rates along with the best Verico mortgage rates for November 10th, 2013. We’re also pleased to announce our limited time mortgage refinance or renewal special offer. Keep reading to find out more.
5 yr Fixed Rate Mortgage Big 6 Bank Comparison
Bank of Montreal – 3.79% (Warning: Low rate no-frills)
TD Canada Trust – 3.79%
RBC Royal Bank – 3.79%
CIBC – 3.89%
Scotiabank – 3.59%
National Bank – 5.34%
5 yr Fixed Rate Mortgage Vancouver Credit Union Comparison
Vancity Credit Union – 3.65%
Coast Capital Savings – 3.65%
Westminster Savings – 3.65%
What are today’s Verico mortgage rates?
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Best 5 Year Fixed Rate is 3.45%
The best 5 year fixed rate mortgage is 3.45%. This and exclusive offer available from Verico mortgage brokers only. Please contact us for more info on this low rate offer as there is certain terms and conditions that apply.
Best 5 Year Variable Rate is 2.40%
The best 5 year variable rate is Prime minus .40%. 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.
Mortgage Refinance or Renewal Special
For a limited time we’re offering $750* when you switch your mortgage at renewal or refinance your mortgage with Verico Paragon Pacific Mortgages Inc. between now and December 31, 2013.Learn More
Questions about Mortgage rates?
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