Skip Header Navigation

About RBC > Media Newsroom > News Releases > RBC Royal Bank changes residential mortgage rates

RBC Royal Bank changes residential mortgage rates

TORONTO, January 5, 2016 -  RBC Royal Bank announced today that it is increasing rates on new residential mortgage offers effective January 8, 2016.

The changes are as follows:

Special Offer Rates*

Five-year Variable closed  

Prime - 0.10%

(increased by 0.15 per cent)

Two-year fixed closed        

2.39 per cent

(increased by 0.10 per cent)

Three-year fixed closed

2.74 per cent

(increased by 0.10 per cent)

Four-year fixed closed

2.84 per cent

(increased by 0.10 per cent)

Five-year fixed closed

3.04 per cent

(increased by 0.10 per cent)

- 30 -

Media contact:

Jill Anzarut, RBC Communications, 647-534-5118

 

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Special Offers may be changed, withdrawn or extended at any time, without notice.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