RBC Royal Bank changes residential mortgage rates

TORONTO, Sept. 14, 2011 /CNW/ - RBC Royal Bank announced today that it is changing its special rate offers effective September 15, 2011.

The changes are as follows:

Special Variable Rate Offers*              
Five-Year Variable Closed  


Prime - 0.25 per cent
(2.75 per cent)



(increased by 0.20 per cent)
               
Special Fixed Rate Offers*              
Five-Year Fixed Closed       3.99 per cent          (decreased by 0.25 per cent)
               
Fixed Rate Mortgages              
Five-year closed         5.19 per cent          (decreased by 0.20 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Special Offers may be changed, withdrawn or extended at any time, without notice.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.

 

SOURCE RBC

For further information:

Matt Gierasimczuk, RBC Communications, (416) 974-2124


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