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RBC drops home mortgage rate
/ r; j% F: K( h2 T+ m, D3 `) u, @9 ySep. 5, 2006. 12:45 PM
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Royal Bank of Canada (TSX: RY) has cut long-term mortgage rates by up to a tenth of a point.! v7 O# A' j7 b8 p7 L
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Canada's biggest bank announced Tuesday it is reducing the posted rate on three-year to 10-year loans by a tenth of a point. The reductions are effective Wednesday.
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At the Royal, a three-year closed term falls to 6.5 per cent, while a five-year loan drops to 6.75 per cent and a seven year loan to 7.25 per cent.% ?' p" p0 d3 ?7 G# D$ S1 q; H
3 X; j+ k+ b! ?The cuts reflect the lower cost of borrowing in the bond market, where banks finance their mortgage loans. |
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发表于 2006-9-5 20:18
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