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National Bank adjusts its mortgage rates

Montreal, 12 September 2001 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of September 13, 2001.


TERM

CURRENT RATE(%)

NEW RATE
(%)

CHANGE

6 months open

6.950

6.700

-0.250

1 year open

7.000

6.700

-0.300

3 months Saver

6.050

5.800

-0.250

3 months closed

6.400

6.150

-0.250

6 months closed

6.500

6.250

-0.250

1 year closed

6.200

5.900

-0.300

2 years closed

6.700

6.550

-0.150

3 years closed

7.000

6.850

-0.150

4 years closed

7.350

7.150

-0.200

5 years closed

7.450

7.300

-0.150

7 years closed

7.900

7.750

-0.150

10 years closed

8.250

8.250

0.000


 


Information:


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Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca