RBC ROYAL BANK DECREASES RESIDENTIAL MORTGAGE RATES

TORONTO, May 27, 2011 /CNW/ - RBC Royal Bank today announced that it is decreasing its residential mortgage special rate offers effective May 28, 2011.

The changes are as follows:

Special Fixed Rate Offers*
One-year closed   
Four-year closed   
Five-year closed    
Seven-year closed    
3.30 per cent  
4.29 per cent  
4.34 per cent  
5.15 per cent  
(decreased by 0.10 per cent)
(decreased by 0.10 per cent)
(decreased by 0.10 per cent)
(decreased by 0.10 per cent)
Fixed Rate Mortgages
One-year closed    
Two-year closed    
Three-year closed    
Four-year closed    
Five-year closed    
Seven-year closed    
Ten-year closed    
3.60 per cent  
3.95 per cent  
4.45 per cent  
5.09 per cent  
5.49 per cent  
6.45 per cent  
6.85 per cent  
(decreased by 0.10 per cent)
(decreased by 0.10 per cent)
(decreased by 0.10 per cent)
(decreased by 0.10 per cent)
(decreased by 0.10 per cent)
(decreased by 0.10 per cent)
(decreased by 0.10 per cent)
Preferred Builder Fixed Rate Offers**
Five-year closed:
18-month rate commitment       
24-month rate commitment       
4.74 per cent 
4.94 per cent 
(decreased by 0.10 per cent)
(decreased by 0.10 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.

** 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 at the time the mortgage is advanced. Additional term and commitment period rate information is available through Regional Builder Sales Managers.

Special Offers may be changed, withdrawn or extended at any time, without notice.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.

SOURCE RBC Royal Bank

For further information:

Media contact:
Elyse Lalonde, (416) 974-8810


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