RBC Royal Bank announced today that it is increasing its residential mortgage rates. The changes are as follows:

Six-month open 5.55 % (up by 0.40 %)
Six-month convertible 5.10 % (up by 0.20 %)
One-year open 5.80 % (up by 0.65 %)
One-year closed 4.60 % (up by 0.25 %)
Two-year closed 5.50 % (up by 0.45 %)
Three-year closed 6.00 % (up by 0.25 %)
Four-year closed 6.85 % (up by 0.30 %)
Five-year closed 7.15 % (up by 0.30 %)
Seven-year closed 7.90 % (up by 0.30 %)
10-year closed 8.45 % (up by 0.30 %)
25-year closed 8.95 % (up by 0.30 %)

The new rates are effective as of today.