RBC Royal Bank changes residential mortgage rates

TORONTO, Aug. 20, 2012 /CNW/ - RBC Royal Bank announced today that it is increasing its residential mortgage rate offers, effective August 21, 2012.

The changes are as follows:

Special Offer Rates*
Five-year closed	3.69 per cent	(increased by 0.20 per cent)
Fixed Rate Posted Rates
Three-year closed	4.05 per cent	(increased by 0.20 per cent)

* The rates indicated are special discounted rates and are not the posted rates of Royal Bank of Canada. To calculate a rate discount, compare the Special Offer rate against the posted rate for the applicable term.

Special Offers may be changed, withdrawn or extended at any time, without notice. Not available in combination with any other rate discounts, offers or promotions.

SOURCE: RBC

Media contact:
Matt Gierasimczuk, RBC Communications, [phone]