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RBC cuts 5-year fixed mortgage rate, other banks expected to followWhile fixed mortgage rates are getting cheaper, variable-rate mortgages have been getting more expensive globeinvestor globeinvestor Tell you what, I'll take a mortgage on a $100k house for $1M, but the rate has to be so negative, that the interest owed to me each month pays for 50% of the monthly payment. You can bundle it as a 'Self Paying Mortgage.' I think maybe the jig is up tho.
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RBC cuts 5-year fixed mortgage rate, other banks expected to followWith volatility down, competitors have started undercutting big banks, putting pressure on them to act
Source: nationalpost - 🏆 10. / 80 Read more »
RBC cuts 5-year fixed mortgage rate, other banks expected to followRoyal Bank of Canada has lowered its posted five-year fixed rate by 15 basis points from 3.89 per cent to 3.74 per cent.
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In Canada’s housing slowdown, Vancouver proves to be the weakest linkVancouver is in ‘full-blown correction mode,’ RBC economist says, with more price depreciations expected
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