As someone who’s spent close to a decade guiding clients through their mortgage options, I know how important it is to understand changes in rates and what they mean for your financial plans. RBC’s prime rate currently sits at 4.45%, which directly impacts variable-rate mortgages, credit cards, and lines of credit. While fixed rates remain steady, variable rates will move with the prime rate—but offer the flexibility to switch without penalties. Qualifying for better rates often comes down to strong credit, a larger down payment, and keeping debt low. My approach is always to provide clear, strategic guidance so you can make choices that support your long-term financial goals.
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