RBC Royal Bank has announced that they have dropped their residential mortgage rates by an average of 0.30% and the changes were effective on April 25, 2009.
The changes are as follows:
| 6 month open | 6.55% | -0.30% |
| 6 month convertible | 4.75% | -0.30% |
| 1 year open | 6.55% | -0.30% |
| 1 year closed | 3.90% | -0.30% |
| 2 year closed | 4.05% | -0.30% |
| 3 year closed | 4.15% | -0.30% |
| 4 year closed | 4.84% | -0.30% |
| 5 year closed | 5.25% | -0.30% |
| 7 year closed | 6.60% | -0.30% |
| 10 year closed | 6.75% | -0.30% |
Special Offers(*)
In addition, the Royal Bank of Canada announced new mortgage rate specials as follows:
| 6 month convertible | 4.25% | -0.30% |
| 1 year closed | 3.40% | -0.30% |
| 4 year closed | 3.79% | -0.30% |
| 5 year closed | 3.95% | -0.20% |
| 7 year closed | 5.15% | -0.30% |
(*) 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Special Offers may be changed, withdrawn or extended at any time,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.
You can compare RBC mortgage rates against the market now.
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