RBC Royal Bank decreases residential mortgage rates



    TORONTO, Sept. 4 /CNW/ - RBC Royal Bank announced today that it is
decreasing its residential mortgage rates effective September 5, 2009.

    
    The changes are as follows:

    Fixed Rate Mortgages
    Six-month open           6.35 per cent       (decrease by 0.20 per cent)
    Six-month convertible    4.55 per cent       (decrease by 0.20 per cent)
    One-year open            6.35 per cent       (decrease by 0.20 per cent)
    One-year closed          3.70 per cent       (decrease by 0.20 per cent)
    Two-year closed          3.85 per cent       (decrease by 0.20 per cent)
    Three-year closed        4.35 per cent       (decrease by 0.20 per cent)
    Four-year closed         4.94 per cent       (decrease by 0.30 per cent)
    Five-year closed         5.49 per cent       (decrease by 0.30 per cent)
    Seven-year closed        6.60 per cent       (decrease by 0.20 per cent)
    Ten-year closed          6.75 per cent       (decrease by 0.20 per cent)

    Variable Rate Mortgages
    Variable Closed          RBC Prime + 0.30%   (decrease by 0.10 per cent)

    Special Fixed Rate Offers(*)
    ----------------------------
    Six-month convertible    4.05 per cent       (decrease by 0.20 per cent)
    Four-year closed         3.89 per cent       (decrease by 0.30 per cent)
    Five-year closed         4.19 per cent       (decrease by 0.30 per cent)
    Seven-year closed        5.15 per cent       (decrease 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    Special Offers may be changed, withdrawn or extended at any time, without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.
    





For further information:

For further information: Media contact: Matt Gierasimczuk, (416)
974-2124


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