Rates Lowered Unannounced
RBC, without a press release, lowered their posted rates today by 0.10% across the board. This is the second time in under 2 weeks that mortgage rates have been lowered.
Based on current bond yields, we can anticipate futher rate decreases in the near future. No other lenders have followed RBC’s lead thus far but we can expect them to match in the coming days.
Wayne Mah, AMP / Senior Mortgage Planner / mah.w@mortgagecentre.com / 604.880.1899
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