TD, Royal Bank both raise their fixed mortgage rates

Two of Canada's biggest lenders have hiked their benchmark mortgage rates, with Toronto-Dominion Bank raising its posted five-year fixed rate by 45 hundredths of a percentage point and Royal Bank moving its up by 20.

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TD moved this week to raise five of its fixed-rate mortgages by between 10 and 50 hundredths of a percentage point.

TD's two-year closed rate is 3.44 per cent, up from 3.34 previously.

TD's three-year closed rate is 3.59 per cent, up from 3.49 previously.

TD's benchmark five-year closed rate is 5.59 per cent, up from 5.14 per cent.

TD's six-year closed rate is 5.64 per cent, up from 5.14 per cent previously.

TD's seven-year closed rate is  5.80 per cent, up from 5.3 per cent previously.

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