RBC drops home mortgage rate & b. V [) t0 d- ASep. 5, 2006. 12:45 PM 5 F0 j* P+ _3 t1 H8 G+ k3 T qCANADIAN PRESS/ f+ \# o+ j9 E: `6 o" [
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Royal Bank of Canada (TSX: RY) has cut long-term mortgage rates by up to a tenth of a point.0 ?( s K2 L2 c5 p" `+ t
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Canada's biggest bank announced Tuesday it is reducing the posted rate on three-year to 10-year loans by a tenth of a point. The reductions are effective Wednesday.& @5 B: D% q- b$ h- h% B* O) y
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At the Royal, a three-year closed term falls to 6.5 per cent, while a five-year loan drops to 6.75 per cent and a seven year loan to 7.25 per cent. $ ~4 N1 Y: S9 ^5 [0 ~ D ( [6 A# h1 V# c2 j1 Z- Y) f1 g/ }The cuts reflect the lower cost of borrowing in the bond market, where banks finance their mortgage loans.
Well, the rate is published rate, it just shows a trent! The rate you gave is discount rate.: k' c! d7 {7 m F H
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[ 本帖最后由 屯民 于 2006-9-5 20:31 编辑 ]
Mortgage rate went down is neutral for investors but good news for others. People can afford to buy larger houses or more people can buy houses, but there is a negtive side, the house price will go up too.
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发表于 2006-9-5 20:18
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