Mortgage rates rising
Posted Mar 29, 2010 02:33:45 PM.
This article is more than 5 years old.
Historically low mortgage rates could be coming to an end soon.
Two of the country’s biggest banks are increasing some mortgage rates on Tuesday.
The changes affect closed mortgages with terms of three, four and five years at R-B-C Royal Bank and T-D Canada Trust.
The hikes of up to six-tenths of a point come ahead of an expected move this summer by the Bank of Canada to start raising its key rate.
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