RBC Royal Bank decreases residential mortgage rates



    TORONTO, April 3 /CNW/ - RBC Royal Bank announced today that it is
reducing its residential mortgage rates effective April 4, 2009.

    
    The changes are as follows:

    Six-month open           6.85 per cent      (down by 0.15 per cent)
    Six-month convertible    5.05 per cent      (down by 0.15 per cent)
    One-year open            6.85 per cent      (down by 0.15 per cent)
    One-year closed          4.20 per cent      (down by 0.15 per cent)
    Two-year closed          4.35 per cent      (down by 0.20 per cent)
    Three-year closed        4.45 per cent      (down by 0.20 per cent)
    Four-year closed         5.14 per cent      (down by 0.30 per cent)
    Five-year closed         5.45 per cent      (down by 0.10 per cent)
    Seven-year closed        6.90 per cent      (down by 0.10 per cent)
    Ten-year closed          7.05 per cent      (down by 0.10 per cent)

    Special Offers(*)
    -----------------
    Six-month convertible    4.55 per cent      (down by 0.15 per cent)
    One year fixed closed    3.70 per cent      (down by 0.15 per cent)
    Four year fixed closed   4.09 per cent      (down by 0.30 per cent)
    Five year fixed closed   4.15 per cent      (down by 0.10 per cent)
    Seven year fixed closed  5.45 per cent      (down 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.

    Special Offers may be changed, withdrawn or extended at any time, without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