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Today, Tuesday April 13, 2010, The Royal Bank of Canada (RBC) has increased their posted rate on various fixed term mortgages by 0.25%. This brings the 5 year fixed rate to 6.1%. It should be noted that the banks do offer rates lower then the posted rate, however with the current forecast that the banks will be increasing rates this summer, if you're thinking of moving now is an excellent time to get serious about it! If you have questions, please call me at 519-621-2000 or send me a quick email. I am here to help you out!
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