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About RBC > Media Newsroom > News Releases > RBC Royal Bank Decreases Residential Mortgage Rate

RBC Royal Bank Decreases Residential Mortgage Rate

TORONTO, May 23, 2012 — RBC Royal Bank announced today that it is reducing its residential mortgage posted rate offer effective May 24, 2012.

The changes are as follows:

Fixed Rate Posted Rates

Five-Year Closed

5.34 per cent

(decreased by 0.10 per cent)

- 30 -

For more information, please contact:

Matt Gierasimczuk, (416) 974-2124