RBC drops home mortgage rate

屯民

RBC drops home mortgage rate
Sep. 5, 2006. 12:45 PM
CANADIAN PRESS


Royal Bank of Canada (TSX: RY) has cut long-term mortgage rates by up to a tenth of a point.
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Canada's biggest bank announced Tuesday it is reducing the posted rate on three-year to 10-year loans by a tenth of a point. The reductions are effective Wednesday.
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At the Royal, a three-year closed term falls to 6.5 per cent, while a five-year loan drops to 6.75 per cent and a seven year loan to 7.25 per cent.

The cuts reflect the lower cost of borrowing in the bond market, where banks finance their mortgage loans.

howardx

drop 啥？TD 才5.65 for 3 year fixed

屯民

Well, the rate is published rate, it just shows a trent!  The rate you gave is discount rate.
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[ 本帖最后由 屯民 于 2006-9-5 20:31 编辑 ]

冰糖葫芦

好 还是不好 分析下

屯民

Mortgage rate went down is neutral for investors but good news for others. People can afford to buy larger houses or more people can buy houses, but there is a negtive side, the house price will go up too.

一路发

问题是:平衡点在哪?

Tome12

奉劝那些即将在RBC开户或贷款的同胞们，小心！！！！RBC的服务非常差，极其不负责任，而且更重要的是，他们会不时通过各种途径给你这个那个的罚款！！