RBC Royal Bank decreases residential mortgage rates

TORONTO, Aug. 3 /CNW/ - RBC Royal Bank announced today that it is decreasing its residential mortgage rates effective August 4, 2010.

The changes are as follows:

Fixed Rate Mortgages


Six-month convertible                  4.55 per cent            (decreased by 0.10 per cent)
One-year closed 3.30 per cent (decreased by 0.10 per cent)
Two-year closed 3.65 per cent (decreased by 0.10 per cent)
Three-year closed 4.20 per cent (decreased by 0.10 per cent)
Four-year closed 5.24 per cent (decreased by 0.10 per cent)
Five-year closed 5.59 per cent (decreased by 0.10 per cent)
Seven-year closed 6.55 per cent (decreased by 0.10 per cent)
Ten-year closed 6.70 per cent (decreased by 0.10 per cent)
     
Special Fixed Rate Offers*
 
Four-year closed 4.09 per cent (decreased by 0.10 per cent)
Five-year closed 4.19 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.

Special Offers may be changed, withdrawn or extended at any time, without notice.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: For further information:

Media contact:
Matthew Gierasimczuk, (416) 974-2124


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890