26
Mar
12

well that didn’t last long…….

RBC raises mortgage rates, signals end to price war

Royal Bank of Canada, the country’s largest mortgage lender, is increasing its rates.

The move is a sign that the mortgage price war could be drawing to a close as banks seek to reinflate their profit margins.

RBC announced Monday that its special rate on four-year fixed-rate mortgages will be increasing by half a percentage point to 3.49 per cent.

 

..courtesy of the Globe and Mail.


0 Responses to “well that didn’t last long…….”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


Categories

Enter your email address to follow this blog and receive notifications of new posts by email.

Hours & Info

1-866-936-4941
Hours: M-Th 10am - 6pm,
F 9am-4pm

%d bloggers like this: