RBC Royal Bank is increasing its residential mortgage rate offers effective June 24, 2013.
The changes are as follows:
Special Offer Rates:
- Four-year closed: 3.29% (increased by 0.20%)
- Five-year closed: 3.49% (increased by 0.20%)
- Seven-year closed: 3.79% (increased by 0.20%)
Fixed Rate Posted Rates:
- Three-year closed: 3.75% (increased by 0.10%)
Scotiabank also announced rate changes to its special discounted rates, effective June 22, 2013:
- 2 year closed fixed term: 2.79% (increase of 0.10%)
- 4 year closed fixed term: 3.09% (increase of 0.10%)
- 7 year closed fixed term: 3.59% (increase of 0.10%)
- 10 year closed fixed term: 3.79% (increase of 0.10%)