TORONTO, May 20 /CNW/ - RBC Royal Bank announced today that it is decreasing its residential mortgage rates effective May 21, 2010.
The changes are as follows:
Fixed Rate Mortgages
Five-year closed 5.99 per cent (decreased by 0.11 per cent)
Special Fixed Rate Offers*
Five-year closed 4.59 per cent (decreased by 0.11 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Special Offers may be changed, withdrawn or extended at any time, without notice.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: Gillian McArdle, (416) 974-5506