RBC raised mortgage rates for third time in past month

April 26, 2010 | Market Update | By Aaron Rossetti

The Royal Bank of Canada (RBC) continues to lead the way in raising mortgage rates, sending fixed term mortgage rates another 15 basis points higher today, the third rate increase in the past month. It is expected that other banks will follow RBC's move.

Learn more about RBC's decision and how Canadians feel about their debt levels by reading this interesting Vancouver Sun article, "Mortgage rates on the rise again."