RBC to hike mortgage rates on Tuesday
Toronto - Royal bank of Canada is once again boosting some of its home mortgage rates effective Tuesdays. The increases will range from one-tenth to three-tenths of a point, depending on the type of mortgage.
Royal Bank says its special discounted four-, five-, seven-, and ten-year rates are going up to 3.39, 3.69, 3.99 and 4.29% respectively.
Royal increased some of its mortgage rates earlier this month following a plunge in bond prices in May.
Scotiabank and TD Bank have also recently increased their special discounted rates.
The Canadian Press