Explore current RBC mortgage rates, including fixed rates, variable rates, and special offers. Here are current popular purchase and switch rates for select fixed and variable rate closed term mortgages: 5 Year Variable, RBC Prime Rate + 0.000% (2.950%), 2.980% Royal Bank of Canada Website, © 1995- 2020. Mortgage rates in the U.S. have hit a three-year low heading into spring, which could spur home sales. February 10, 2020 11:00 AM. Staff The average rate for a 15-year mortgage also dropped to a three-year low at 2.97 percent. Low mortgage rates did help push home sales to a yearly high mark in December, when