RBC drops home mortgage rate$ b% `* ~$ b2 Z
Sep. 5, 2006. 12:45 PM 9 m% x9 f6 x% a! J( L6 M* eCANADIAN PRESS 4 K3 J2 e+ K! L+ {# v+ T' r* G1 P . U2 }+ _: L- e X 7 `+ Q1 W h' X ORoyal Bank of Canada (TSX: RY) has cut long-term mortgage rates by up to a tenth of a point. 0 V9 e6 ] \4 M$ N& [/ t; f$ }/ L+ m# s8 F3 ]8 ^) h& i# T
Canada's biggest bank announced Tuesday it is reducing the posted rate on three-year to 10-year loans by a tenth of a point. The reductions are effective Wednesday. " r. { m- I8 V8 T$ `$ v. K( D" @% q1 }5 L8 C9 W& W
At the Royal, a three-year closed term falls to 6.5 per cent, while a five-year loan drops to 6.75 per cent and a seven year loan to 7.25 per cent.7 Q9 d% Y# F) a+ S+ |' w% Z
2 L4 p- N9 p5 K' ^( {5 d7 w+ WThe cuts reflect the lower cost of borrowing in the bond market, where banks finance their mortgage loans.
Well, the rate is published rate, it just shows a trent! The rate you gave is discount rate. / a; v1 |5 N Q2 ~4 H, E $ f0 g& m# G5 S/ A1 f: y; O! `+ j[ 本帖最后由 屯民 于 2006-9-5 20:31 编辑 ]
Mortgage rate went down is neutral for investors but good news for others. People can afford to buy larger houses or more people can buy houses, but there is a negtive side, the house price will go up too.
狗仔卡
鲜花(
鸡蛋(
发表于 2006-9-5 20:18
提升卡
置顶卡
沉默卡
喧嚣卡
变色卡
显身卡
楼主
