Robert McLister·Mortgage Rate Trends·September 4, 2009Posted Rate Drop RBC has just lowered its posted mortgage rates. It’s the first of the Big 5 to move. 5-year posted rates have been stuck at 5.85% for 2 1/2 months, while Canadian bond yields (which lead fixed rates) have moved sideways. As of today, posted rates are down 0.20% to 0.30%, with RBC’s 5-year fixed mortgage at 5.49%. RBC’s “special offer” 5-year rate is now down to 4.19%. As usual, most or all of the other big banks should follow RBC’s lead. If you’re a well-qualified borrower closing in 30 days or less, you can also now find full-featured 5-year fixed mortgages at 3.99%. There are at least three or four lenders at this rate. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.