Royal Bank of Canada (RBC) says the posted rate for five-year mortgages will be reduced by about one-tenth of a percentage point to 5.99%, effective Friday. That rate started the month at 6.25% but was lowered by 15 basis points on May 11 along with a range of other rate cuts.
RBC lowers 5-year mortgage rate
Most Popular Articles
Latest Articles
Ginnie Mae denies majority of complaint in Texas Capital Bank lawsuit
Ginnie Mae admits only to core facts of the case, denying all allegations, “inferences, arguments, and legal conclusions” in the complaint.
