RBC Royal Bank decreases residential mortgage rates

    TORONTO, Feb. 14 /CNW/ - RBC Royal Bank announced today that it is
decreasing its residential mortgage rates effective February 15, 2008.

    The changes are as follows:

    Six-month open           8.90 per cent     (no change)
    Six-month convertible    7.10 per cent     (no change)
    One-year open            9.40 per cent     (down by 0.10 per cent)
    One-year closed          7.25 per cent     (down by 0.10 per cent)
    Two-year closed          7.30 per cent     (down by 0.10 per cent)
    Three-year closed        7.30 per cent     (down by 0.10 per cent)
    Four-year closed         7.19 per cent     (down by 0.15 per cent)
    Five-year closed         7.29 per cent     (down by 0.10 per cent)
    Seven-year closed        7.65 per cent     (down by 0.05 per cent)
    Ten-year closed          8.00 per cent     (down by 0.05 per cent)

    Special Offers(*)

    6-month convertible      6.04 per cent     (no change)
    Four year closed         6.13 per cent     (down 0.15 per cent)
    Five year closed         6.23 per cent     (down 0.10 per cent)
    Seven year closed        6.20 per cent     (down 0.05 per cent)
    Ten year closed          6.55 per cent     (down 0.05 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        Special Offers may be changed, withdrawn or extended at any time,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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