RBC was the first big bank to drop their posted mortgage rates effective today, November 18, 2009, and the changes ranged from -.10% to – 0.20% on fixed rates and are as follows:

Fixed Rate Mortgages

One-year closed 3.60% (-0.20%)

Two-year closed 3.75% (-0.20%)

Three-year closed 4.25% (-0.20%)

Four-year closed 5.19% (-0.10%)

Five-year closed 5.59% (-0.15%)

Seven-year closed 6.65% (-0.15%)

Ten-year closed 6.80% (-0.15%)

Special Fixed Rate Offers*

Four-year closed 4.14% (-0.10%)

Five-year closed 4.29% (-0.15%)

Seven-year closed 5.20% (-0.15%)

Ten-year closed 5.35% (-0.15%)

Variable Rate Mortgages

Variable Closed RBC Prime + 0.00% (no change)

* 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Special Offers may be changed, withdrawn or extended at any time,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.