I just got a letter from my Mortgage Specialist at RBC this mroning about the current rates offered.
Just remember while reading this these are posted rates and your credit spacifics may allow you to be entitled to more appealing rates. Also never forget that RBC is the buggest lender in Canada. If you find rates anywhere else that look morre appealing, bring them to RBC and they will match or beat them!
Good information to read.
Just an advise but when looking for a mtg rate, I wouldn’t look to lock
it for a short term since when your clients term does come to maturity,
we will probably be at the peak of interest rates. I would suggest
either take variable and enjoy the ride knowing that any economical
study has always shown variable to be more cost efficient or simply look
to lock it for 4 to 5 years fixed.
I hope you find this information informative.
1) 4 Year fixed at 3.79%
2) 5 Year fixed at 4.09% or lower.
3) Variable Closed at 2.55%
4) Variable Open at 2.95%
For any firther detail on current Mortgage Rates offered by RBC please contact me dirctly.