Latest in Mortgage News: Big Banks Lowering their 5-year Fixed Rates
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 RateSpy.com.
The move came days after similar cuts by CIBC and TD Bank last week.
Original Article Source Credits: CANADIAN MORTGAGE TRENDS , https://www.canadianmortgagetrends.com/
Article Written By: Steve Huebl
Original Article Posted on: September 18, 2021