Just nine days after RBC cut posted rates to new lows, they’re headed back up.
TD is raising fixed rates 15-25 basis points, effective tomorrow. The posted 5-year fixed is going from 5.19% to 5.44%.
This is the first such increase in almost six months.
Other banks typically follow competitors’ posted rate moves within 1-2 days. However, there’s still time today to lock in your rate holds (or rate floats, if you’re a broker).