RBC Royal Bank changes residential mortgage rates



    TORONTO, June 10 /CNW/ - RBC Royal Bank announced today that it is
changing its residential mortgage rates effective June 11, 2009.

    
    The changes are as follows:

    Fixed Rate Mortgages

    Six-month open              6.55 per cent     (no change)
    Six-month convertible       4.75 per cent     (no change)
    One-year open               6.55 per cent     (no change)
    One-year closed             3.90 per cent     (no change)
    Two-year closed             4.05 per cent     (no change)
    Three-year closed           4.55 per cent     (increase by 0.40 per cent)
    Four-year closed            5.24 per cent     (increase by 0.40 per cent)
    Five-year closed            5.85 per cent     (increase by 0.40 per cent)
    Seven-year closed           6.80 per cent     (no change)
    Ten-year closed             6.95 per cent     (no change)
    Twenty-five year closed     8.05 per cent     (no change)

    Variable Rate Mortgages
    Variable Closed             RBC Prime + 0.60% (decrease by 0.20 per cent)
    Variable Open               RBC Prime + 1.00% (no change)

    Special Fixed Rate Offers(*)
    ----------------------------

    Six-month convertible       4.25 per cent     (no change)
    One-year closed             3.40 per cent     (no change)
    Four-year closed            4.19 per cent     (increase by 0.40 per cent)
    Five-year closed            4.55 per cent     (increase by 0.40 per cent)
    Seven-year closed           5.35 per cent     (no change)

    (*) 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    Special Offers may be changed, withdrawn or extended at any time, without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:

For further information: Media contact: Stephanie Lu, (416) 974-5506


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