Royal Bank of Canada (RBC) says the posted rate for five-year mortgages will be reduced by about one-tenth of a percentage point to 5.99%, effective Friday. That rate started the month at 6.25% but was lowered by 15 basis points on May 11 along with a range of other rate cuts.
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With home prices reaching unprecedented heights and interest rates soaring, the discerning nature of today’s buyers requires all agents to employ every possible advantage. Simply put, cutting corners on staging is a risky move that risks prolonged market presence.