Four Banks Change Mortgage Rates
CANADA - Scotiabank, CIBC, TD Canada Trust, and RBC Royal Bank have made moves to change their residential mortgage interest rates.
New rates for Canada Trust and Royal Bank were effective on Friday, June 25th, while those at Scotiabank and CIBC are effective as of Saturday, June 26th.
The new rates for TD Canada trust are as follows:Fixed Rates To: Change:
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6-month convertible 4.75% - 0.10%
1-year open 6.70% N/C
1-year closed 3.80% - 0.10%
2-year closed 4.30% - 0.10%
3-year closed 4.85% - 0.10%
4-year closed 5.54% - 0.10%
5-year closed 5.89% - 0.10%
6-year closed 6.20% - 0.10%
7-year closed 6.59% N/C
10-year closed 6.90% N/C
Special Fixed Rate Offers To: Change:
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1-year closed 2.80% - 0.10%
4-year closed 4.39% - 0.10%
5-year closed 4.49% - 0.10%
7-year closed 5.25% N/C
10-year closed 5.59% N/C
The new rates for RBC Royal Bank are as follows:
Fixed Rate Mortgages
Six-month convertible 4.85 per cent (decreased by 0.10 per cent)
One-year closed 3.60 per cent (decreased by 0.10 per cent)
Two-year closed 3.95 per cent (decreased by 0.10 per cent)
Three-year closed 4.50 per cent (decreased by 0.10 per cent)
Four-year closed 5.54 per cent (decreased by 0.10 per cent)
Five-year closed 5.89 per cent (decreased by 0.10 per cent)
Seven-year closed 6.85 per cent (decreased by 0.10 per cent)
Ten-year closed 7.00 per cent (decreased by 0.10 per cent)
Special Fixed Rate Offers*
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Four-year closed 4.39 per cent (decreased by 0.10 per cent)
Five-year closed 4.49 per cent (decreased by 0.10 per cent)
* The rates indicated are special discounted rates and are not the
posted rates of Royal Bank of Canada. To calculate a rate discount
compare the Special Offer rate against the posted rate for the
applicable term.
The new rates for Scotiabank are as follows:
- six-month flexible closed 4.95 per cent (decreases by 0.10 per cent)
- one-year closed 4.40 per cent (decreases by 0.10 per cent)
- two-year closed 4.25 per cent (decreases by 0.10 per cent)
- three-year closed 4.80 per cent (decreases by 0.10 per cent)
- four-year closed 5.64 per cent (decreases by 0.10 per cent)
- five-year closed 5.89 per cent (decreases by 0.10 per cent)
- seven-year closed 6.90 per cent (decreases by 0.10 per cent)
- ten-year closed 7.25 per cent (decreases by 0.10 per cent)
Scotiabank offers the following special discounted rates (*) on
residential mortgages:
- one-year fixed closed 2.54 per cent (decreases by 0.10 per cent)
- five-year fixed closed 4.49 per cent (decreases by 0.10 per cent)
The new rates for CIBC are as follows:
Six-month convertible 4.85 per cent, down 0.10 per cent
Six-month open 6.70 per cent, no change
One-year open 6.45 per cent, no change
One-year closed 3.60 per cent, down 0.10 per cent
Two-year closed 3.95 per cent, down 0.10 per cent
Three-year closed 4.60 per cent, down 0.10 per cent
Four-year closed 5.54 per cent, down 0.10 per cent
Five-year closed 5.89 per cent, down 0.10 per cent
Seven-year closed 6.95 per cent, down 0.10 per cent
10-year closed 7.00 per cent, down 0.10 per cent
Special term and/or conditions may apply. Customers should contact their local branch for further details.
