0 minute readRoyal 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.
Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
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Diana Golobay was a reporter with HousingWire through mid-2010, providing wide-ranging coverage of the U.S. financial crisis. She has since moved onto other roles as a writer and editor.see full bio
