Robert McLister·Mortgage Rate Trends·November 18, 2009Posted Rates Coming Down RBC led the charge and cut its mortgages rates today. It’s 5-year posted fixed rate fell 0.15% to 5.59%. RBC’s 1-, 2-, and 3-year terms were down 0.20%. Shortly after this announcement, BMO matched most of RBC’s posted rates. TD chose to match only RBC’s 5-year rate. The other big 5 (CIBC and Scotiabank) will probably follow soon with their own rate announcements. There was no change to the big 5’s variable rates. The advertised bank rate on a variable is still prime (2.25%)—a rate that is being significantly undercut by brokers. 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.