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4 and 5-year mortgages cost a little more - 7-year mortgages just got a bit cheaper

We were talking with one of our mortgage broker friends this morning and found that there has been a slight change in a few popular mortgage interest rates.  These are best rates, your rates may vary.

 

* 4-year mortgages have increased slightly to 2.99%

* 5-year mortgages have increased slightly to 3.04%

* 7-year mortgages have dropped to 3.55%

 

The 10-year fixed mortgage is still available at 3.89%.  This is a great way to control your mortgage costs for the long term.

 

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.