Posted by: Daryl & Wendy Ashby | August 17, 2010

Going Down

RBC has started off the week on a good note by dropping 2- to 10-year fixed rates by 0.10 percentage points.

Its posted 5-year fixed rate will now be 5.49%, a 4 1/2 month low. 

RBC’s “special offer” 5-year rate is down to 4.09%. (RBC’s discretionary rates are in the high 3% range, like most of its competitors.)

If the other Big 6 banks follow by Wednesday, the qualifing rate (for variables and terms under five years) will fall to 5.49% on Monday August 23

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