Variable Rate Mortgages Rising? Yep at RBC!!!

Some lenders, especially bank lenders are raising their rates on their adjustable rate mortgages.  According to an article written in today’s Globe and Mail, by Tara Perkins, RBC is trading off market share for profitability.  I’ve noticed some of the other bank lenders doing this as well.  What does it mean for you? If you’re dealing with a broker for your mortgage which you should be, they can still find you better discounts such as Prime – .75 to Prime – .9%!!!!   That’s worth it!