RBC announced on Wednesday August 6th, 2008 that they were decreasing mortgage rates as of yesterday. The changes are as follows:
| Six-month open | 8.15% | (down by 0.25%) |
| Six-month convertible | 6.35% | (down by 0.25%) |
| One-year open | 8.50% | (down by 0.30%) |
| One-year closed | 6.35% | (down by 0.30%) |
| Two-year closed | 6.35% | (down by 0.30%) |
| Three-year closed | 6.35% | (down by 0.30%) |
| Four-year closed | 6.69% | (down by 0.30%) |
| Five-year closed | 6.85% | (down by 0.30%) |
| Seven-year closed | 7.30% | (down by 0.30%) |
| Ten-year closed | 7.45% | (down by 0.30%) |
| Twenty-five year closed | 8.35% | (down by 0.30%) |
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| 6-month convertible | 5.29% | (down by 0.25%) |
| Four year closed | 5.63% | (down by 0.30%) |
| Five year closed | 5.79% | (down by 0.30%) |
| Seven year closed | 5.85% | (down by 0.30%) |
Go Compare mortgage rates to see how these new rates stack up against the other top lenders and brokers in Canada.
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