The Royal Bank, TD Bank & CIBC all dropped rates again today. In fact the Royal Bank lowered rates over the weekend without much fanfare. This has been a common practice lately with them. The 5 year posted fixed rate is now at 5.39% at the three banks and others will follow undoubtedly. We have

RBC, without a press release, lowered their posted rates today by 0.10% across the board. This is the second time in under 2 weeks that mortgage rates have been lowered. Based on current bond yields, we can anticipate futher rate decreases in the near future. No other lenders have followed RBC’s lead thus far but