RBC Royal Bank changes residential mortgage rates

TORONTO, April 26 /CNW/ - RBC Royal Bank announced today that it is changing its residential mortgage rates effective April 27, 2010.

The changes are as follows:

Fixed Rate Mortgages

    Six-month convertible    5.05 per cent    (increased by 0.15 per cent)
    One-year closed          3.80 per cent    (increased by 0.15 per cent)
    Two-year closed          4.15 per cent    (increased by 0.15 per cent)
    Three-year closed        4.75 per cent    (increased by 0.15 per cent)
    Four-year closed         5.74 per cent    (increased by 0.15 per cent)
    Five-year closed         6.25 per cent    (increased by 0.15 per cent)
    Seven-year closed        7.05 per cent    (increased by 0.15 per cent)
    Ten-year closed          7.20 per cent    (increased by 0.15 per cent)

    Special Fixed Rate Offers*
    ----------------------------

    Four-year closed         4.59 per cent    (increased by 0.15 per cent)
    Five-year closed         4.85 per cent    (increased by 0.15 per cent)


    * The rates indicated are special discounted rates and are not the
        posted rates of Royal Bank of Canada. To calculate a rate discount
        compare the Special Offer rate against the posted rate for the
        applicable term.

Special Offers may be changed, withdrawn or extended at any time, without notice. Not available in combination with any other rate discounts, offers or promotions.

For further information: Media contact: Gillian McArdle, [phone]