RBC decreases residential mortgage rates

RBC decreases residential mortgage rates

RBC Royal Bank announced that it is decreasing its residential mortgage rates effective November 9, 2010.
 
The changes are as follows:
 
Special Fixed Rate Offers
Five-year closed    
 
 
3.79 per cent  
 
 
(decreased by 0.10 per cent)
 
 
 
 
 
Fixed Rate Mortgages
 
 
 
 
 
 
 
 
 
 
 
Six-month convertible  
 
 
4.45 per cent  
 
 
(no change)
One-year closed    
 
 
3.20 per cent  
 
 
(no change)
Two-year closed    
 
 
3.45 per cent  
 
 
(no change)
Three-year closed    
 
 
4.00 per cent  
 
 
(no change)
Four-year closed    
 
 
4.94 per cent  
 
 
(no change)
Five-year closed    
 
 
5.19 per cent  
 
 
(decreased by 0.10 per cent)
Seven-year closed    
 
 
6.35 per cent  
 
 
(no change)
Ten-year closed    
 
 
6.50 per cent  
 
 
(no change)
6 Comments
  • Rob 2010-11-10 5:10:07 AM
    That's not worthy of an announcement.
    Post a reply
  • DanP 2010-11-10 5:27:55 AM
    From past experience, Brokers would know that Banks, especially the Royal, keep an ace (rate) card up there perverbial sleeve, just in case they need to undercut Broker rates.
    Post a reply
  • Just Me 2010-11-10 5:37:07 AM
    They also register all mortgages as "runnung" which means you cannot "switch" your mortgage to another bank- it HAS to ba a refinance which will cost you all the appraisal and legal fees.
    Post a reply