RBC Royal Bank decreases residential mortgage rates

• Press Release
• Source: RBC Royal Bank; RBC
• On 3:00 pm EDT, Friday September 4, 2009

TORONTO, Sept. 4 /CNW/ - RBC Royal Bank announced today that it is decreasing its residential mortgage rates effective September 5, 2009.

	    The changes are as follows:

	    Fixed Rate Mortgages
	    Six-month open           6.35 per cent       (decrease by 0.20 per cent)
	    Six-month convertible    4.55 per cent       (decrease by 0.20 per cent)
	    One-year open            6.35 per cent       (decrease by 0.20 per cent)
	    One-year closed          3.70 per cent       (decrease by 0.20 per cent)
	    Two-year closed          3.85 per cent       (decrease by 0.20 per cent)
	    Three-year closed        4.35 per cent       (decrease by 0.20 per cent)
	    Four-year closed         4.94 per cent       (decrease by 0.30 per cent)
	    Five-year closed         5.49 per cent       (decrease by 0.30 per cent)
	    Seven-year closed        6.60 per cent       (decrease by 0.20 per cent)
	    Ten-year closed          6.75 per cent       (decrease by 0.20 per cent)

	    Variable Rate Mortgages
	    Variable Closed          RBC Prime + 0.30%   (decrease by 0.10 per cent)

	    Special Fixed Rate Offers(x)
	    ----------------------------
	    Six-month convertible    4.05 per cent       (decrease by 0.20 per cent)
	    Four-year closed         3.89 per cent       (decrease by 0.30 per cent)
	    Five-year closed         4.19 per cent       (decrease by 0.30 per cent)
	    Seven-year closed        5.15 per cent       (decrease by 0.20 per cent)


	    (x) 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	    Special Offers may be changed, withdrawn or extended at any time, without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.
	    

For further information

Media contact: Matt Gierasimczuk, (416) 974-2124

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