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News Releases


RBC Royal Bank increases residential mortgage rates

TORONTO, September 26, 2008 — RBC Royal Bank announced today that it is increasing its residential mortgage rates effective September 27, 2008.

The changes are as follows:

Six-month open
Six-month convertible
One-year open
One-year closed
Two-year closed
Three-year closed
Four-year closed
Five-year closed
Seven-year closed
Ten-year closed
Twenty-five year closed
8.15 per cent
6.35 per cent
8.50 per cent
6.35 per cent
6.70 per cent
6.70 per cent
7.04 per cent
7.20 per cent
7.65 per cent
7.80 per cent
8.70 per cent
(no change)
(no change)
(no change)
(no change)
(up by 0.35 per cent)
(up by 0.35 per cent)
(up by 0.35 per cent)
(up by 0.35 per cent)
(up by 0.35 per cent)
(up by 0.35 per cent)
(up by 0.35 per cent)

Special Offers*

6-month convertible
Four year closed
Five year closed
Seven year closed

5 Year variable closed

5.29 per cent
5.98 per cent
6.14 per cent
6.20 per cent

4.50 per cent

(no change)
(up 0.35 per cent)
(up 0.35 per cent)
(up 0.35 per cent)

(up 0.10 per cent)

- 30 -

For more information, please contact:
Jackie Braden, RBC, 416-974-2124, jackie.braden@rbc.com

* 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Special Offers may be changed, withdrawn or extended at any time, without notice.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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09/26/2008 13:43:03