RBC raises mortgage rate for 3rd time in month

26th April 2010, Comments 0 comments

The Royal Bank of Canada has raised the interest rate on mortgages to 6.25 percent on five-year closed mortgages, the third increase in a month. RBC is the country’s largest bank and others are likely to follow, says The Globe & Mail, with the national bank saying that its key lending rate will rise in ...

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