RBC Lowers Rates

RBC The country’s biggest mortgage lender cut rates today:

  • 5-year fixed:  Down 0.10% to 5.49%
  • 4-year fixed:  Down 0.05% to 5.14%
  • 1-year fixed:  Down 0.20% to 3.40%

RBC’s benchmark 5-year fixed “special offer” rate is now 4.19%.  Most of the other banks typically match RBC’s special offer rates within a day or two.

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