RBC Royal Bank increases residential mortgage rates



    TORONTO, Sept. 26 /CNW/ - RBC Royal Bank announced today that it is
increasing its residential mortgage rates effective September 27, 2008.

    
    The changes are as follows:

    Six-month open           8.15 per cent     (no change)
    Six-month convertible    6.35 per cent     (no change)
    One-year open            8.50 per cent     (no change)
    One-year closed          6.35 per cent     (no change)
    Two-year closed          6.70 per cent     (up by 0.35 per cent)
    Three-year closed        6.70 per cent     (up by 0.35 per cent)
    Four-year closed         7.04 per cent     (up by 0.35 per cent)
    Five-year closed         7.20 per cent     (up by 0.35 per cent)
    Seven-year closed        7.65 per cent     (up by 0.35 per cent)
    Ten-year closed          7.80 per cent     (up by 0.35 per cent)
    Twenty-five year closed  8.70 per cent     (up by 0.35 per cent)

    Special Offers(*)
    -----------------
    6-month convertible      5.29 per cent     (no change)
    Four year closed         5.98 per cent     (up 0.35 per cent)
    Five year closed         6.14 per cent     (up 0.35 per cent)
    Seven year closed        6.20 per cent     (up 0.35 per cent)

    5 Year variable closed   4.50 per cent     (up 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    Special Offers may be changed, withdrawn or extended at any time, without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: Jackie Braden, (416) 974-2124


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