Wednesday, November 26, 2008

RBC lowers mortgage rates

RBC Royal Bank today announced that it is decreasing its residential mortgage rates effective November 26, 2008 and is introducing three new mortgage rate offers.
The rate has decreased a 1/4 point from 7.20% to 6.95%. It is expected the other major banks will also lower there rates. This is great news for people shopping for new homes.

[http://www.newswire.ca/en/releases/archive/November2008/26/c4332.html]

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