Royal Bank of Canada
SymbolRY
Shares Issued1,415,077,420
Close 2009-10-08C$ 56.08
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RBC to raise residential mortgage rates Oct. 10

2009-10-09 14:02 ET - News Release

Ms. Stephanie Lu reports

RBC ROYAL BANK CHANGES RESIDENTIAL MORTGAGE RATES

Royal Bank of Canada is increasing its residential mortgage rates, effective Oct. 10, 2009. 

Fixed rate mortgages

Six-month open              6.45 per cent     (increase by 0.10 per cent)
Six-month convertible       4.65 per cent     (increase by 0.10 per cent)
One-year open               6.45 per cent     (increase by 0.10 per cent)
One-year closed             3.80 per cent     (increase by 0.10 per cent)
Two-year closed             3.95 per cent     (increase by 0.10 per cent)
Three-year closed           4.45 per cent     (increase by 0.10 per cent)
Four-year closed            5.29 per cent     (increase by 0.35 per cent)
Five-year closed            5.84 per cent     (increase by 0.35 per cent)
Seven-year closed           6.80 per cent     (increase by 0.20 per cent)
10-year closed              6.95 per cent     (increase by 0.20 per cent)

Variable rate mortgages

Variable closed             RBC Prime + 0.00 per cent (no change)

Special fixed-rate offers

Six-month convertible       4.15 per cent     (increase by 0.10 per cent)
Four-year closed            4.24 per cent     (increase by 0.35 per cent)
Five-year closed            4.54 per cent     (increase by 0.35 per cent)
Seven-year closed           5.35 per cent     (increase by 0.20 per cent)

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