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paulina@soldinwoodstock.com

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Woodstock, Ontario, Canada Local Professional Real Estate

Lower Interest Rates

The Royal Bank of Canada (RBC) announced that they were lowering the interest rate of their five-year fixed-term mortgage offering.

According to CBC News, Canada’s largest bank brought down their five-year rate to 3.74% from 3.89%, representing a cut of 0.15%. RBC lowered interest rates in the wake of Canada’s bond yield falling to 1.75%.