RBC is hiking fixed mortgage rates, starting Thursday

TD Bank has quietly increased its fixed mortgage rates ahead of a similar move by Royal Bank of Canada to take effect Thursday, the latest sign that Canada’s big banks are hiking the costs. As of.

RBC Hikes Rates For Fixed and Variable Mortgages Posted on January 6, 2016 by Penelope Graham 6 Comments Some not-so-great news for new-year home buyers: Royal Bank of Canada has announced it will be hiking both fixed and variable rates for residential mortgages, to go into effect on January 8, 2016.

TD and CIBC join RBC in hiking mortgage rates ahead of Bank of Canada decision next week NAFTA risks should remain on the back burner, says one analyst

TORONTO – TD Bank has quietly increased its fixed mortgage rates ahead of a similar move by Royal Bank of Canada to take effect Thursday, the latest sign that Canada’s big banks are hiking the costs of borrowing for homeowners.Cheryl Ficker, a spokeswoman for TD, said Wednesday that the lender raised its special rate offer for a four-year fixed mortgage by five basis points to 2.44 per cent.

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RBC, TD hike 5-year mortgage rates. The rate hikes come after a recent race to the bottom that recently saw Royal and others push their special offer fixed rate down to 2.99 per cent. The remaining banks could soon follow RBC’s move in raising rates as the big five Canadian banks often move in lockstep. In a BMO report Friday,

TORONTO, April 27 (Reuters) – Royal Bank of Canada, Canada’s biggest lender, on Thursday said it had. level 200 basis points the contracted rate. rbc said that rates on its one year to four year.

Royal Bank of Canada, Canada’s biggest lender, on Thursday said it had lifted the posted rates on some of its fixed-rate mortgages, following the lead of its biggest rival Toronto-Dominion Bank on.

Home Financing Fixed rate, variable rate or both: How to choose the right type of mortgage rate for you Choosing between a fixed or variable rate mortgage is not a simple decision, which is why many people are looking for advice to help them decide which mortgage interest type is best for them based on their personal circumstances.