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.
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