RBC Royal Bank increases residential mortgage
rates
TORONTO, October 23, 2006 — RBC Royal Bank announced
today that it is increasing its residential mortgage rates
effective October 24, 2006.
The changes are
as follows:
| Six-month open |
8.20
per cent |
(no change) |
| Six-month convertible |
6.40 per cent |
(no change) |
| One-year open |
8.55
per cent |
(no change) |
| One-year closed |
6.40 per cent |
(no change) |
| Two-year closed |
6.50
per cent |
(up by 0.10 per cent) |
| Three-year closed |
6.65 per cent |
(up by 0.15 per cent) |
| Four-year closed |
6.70
per cent |
(up by 0.20 per cent) |
| Five-year closed |
6.80 per cent |
(up by 0.20 per cent) |
| Seven-year closed |
7.15
per cent |
(no change) |
| Ten-year closed |
7.40 per cent |
(no change) |
Special Offers*
| 6 month convertible |
5.34 per cent
(no change) |
| Four-year closed |
5.69 per cent
(up by 0.20 per cent) |
| Five-year closed |
5.74 per cent
(up by 0.20 per cent) |
| Seven-year closed |
5.80 per cent
(up by 0.20 per cent) |
| Ten-year closed |
5.95 per cent
(up by 0.20 per cent) |
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For further information, please contact:
Kathy Bevan, Media Relations, (416) 974-8810
*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Special Offers may be changed, withdrawn or extended at any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.
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