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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, March 26, 2012 — RBC Royal Bank announced today that it is changing its residential mortgage rate offers effective March 29, 2012.

The changes are as follows:

Fixed Rate Posted Rates

Five-Year Closed

5.44 per cent

(increased by 0.20 per cent)

Variable Posted Rates

Five-year Variable Closed

Prime + 0.20 per cent

(increased by 0.10 per cent)

Special Fixed Rate Offer*

Four-year fixed Closed

3.49 per cent

(increased by 0.50 per cent)

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For more information, please contact:

Kathy Bevan, Media Relations, (416) 974-8810, kathy.bevan@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Special Offers may be changed, withdrawn or extended at any time, without notice.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.