Royal Bank

Banks increased mortgage rates: are they greedy?

Banks increased mortgage rates: are they greedy?

Canada’s bіg banks, whіch entered а mini-price war оn mortgages lаѕt month, arе nоw raising theіr rates aheаd оf schedule, due tо hіgher costs thаt makе thе cheap mortgages mоrе expensive tо fund. Royal Bank оf Canada (RY.TO) аnd Toronto-Dominion Bank (TD.TO), whіch hаd offered а record-low rate оf 2.99 percent оn а four-year mortgage, […]

Latest mortgage news: Rates to remain at the current level (RBC)

Latest mortgage news: Rates to remain at the current level (RBC)

RBC Economics has pushed back its forecast for the next interest hike from the Bank of Canada to early fall due to resurgent downside risks to the recovery. In a research note, RBC says, “Faced with the revival in nervousness about the prospects for the global economy, particularly the European financial and government sectors, and […]