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About RBC > Media Newsroom > News Releases > RBC Royal Bank Changes Residential Mortgage Rates

RBC Royal Bank Changes Residential Mortgage Rates

TORONTO, October 7, 2011 — RBC Royal Bank announced today that it is changing its Residential Mortgage rate offers effective October 11, 2011.

The changes are as follows:

Special Variable Rate Offers*

5 Year Variable Closed

Prime - 0.10%

(increased by 0.15 per cent)

(2.90%)

Special Fixed Rate Offers*

Five-Year Fixed Closed

4.09%

(increased by 0.10 per cent)

Variable Rate Mortgages

5 Year Variable Rate Open

Prime + 1.00%

(increased by 0.30 per cent)

(4.00%)

Fixed Rate Mortgages

Three-year closed

4.05%

(decreased by 0.30 per cent)

Five-Year Closed

5.29%

(increased by 0.10 per cent)

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For more information, please contact:

Matt Gierasimczuk, RBC Communications, (416) 974-2124

* 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Special Offers may be changed, withdrawn or extended at any time, without notice.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.