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RBC drops home mortgage rate+ J% Q Y; u9 W* e2 C1 A1 J
Sep. 5, 2006. 12:45 PM
& Y2 k n7 w& u9 ~% M: j: }CANADIAN PRESS
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+ G( K; K1 ?( q+ ARoyal Bank of Canada (TSX: RY) has cut long-term mortgage rates by up to a tenth of a point., G3 h9 u, N) A4 S3 X
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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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/ Y. u. z# {6 [3 c; A, E6 S) YAt 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., r: g/ h" I% L: u5 E: Y7 P" x
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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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