New rate pricing

[dvar]

The Royal bank rep told me today that their variable rate pricing goes up as of Friday. It is currently .75% below prime but rising to .15% below prime as of this coming Friday.

Their current variable rate is 4% and as of Friday Oct 10th is 4.6% on the same prime rate of 4.75%.

[justmed]

thanks for passing this along, had heard some rumblings

[smartsexystylish]

Agreed. Heard some stuff also.
We have our rate locked in to exactly our move in date so I am crossing my fingers that we are not delayed. We'll lose our locked in rate and our financing options as they taken away the 5% down and 40yr am!