RBC led the pack today by lowering rates on all their fixed rate terms. This was quickly followed by BMO, with TD only choosing to match the 5 year term reduction. No word from the other majors as of this posting.
Term | Bank Rate | Our Rate |
1 Year | 7.74 % | 6.74 % |
2 Year | 7.34 % | 5.59 % |
3 Year | 6.94 % | 4.79 % |
4 Year | 6.74 % | 4.79 % |
5 Year | 6.79 % | 4.59 % |
7 Year | 7.10 % | 5.49 % |
10 Year | 7.25 % | 5.74 % |
RBC led the pack today by lowering rates on all their fixed rate terms. This was quickly followed by BMO, with TD only choosing to match the 5 year term reduction. No word from the other majors as of this posting.