Latest in Mortgage News: Big Banks Lowering their 5-year Fixed Rates

Author: External Author | Categories: Mortgage Agent , Mortgage Services

RBC Royal Bank became the third Big 6 bank to lower its 5-year fixed mortgage rate over the weekend.

The bank dropped its uninsured 5-year fixed rate by 25 basis points to 2.19%, according to data from

The move came days after similar cuts by CIBC and TD Bank last week.

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Original Article Source Credits:   CANADIAN MORTGAGE TRENDS ,

Article Written By:  Steve Huebl

Original Article Posted on:  September 18, 2021

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