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National Bank adjusts its mortgage rates
Montreal, 18 March 2002 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of March 19, 2002.
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TERM
|
CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
|
6 months open
|
5.550
|
5.800
|
+0.250
|
|
1 year open
|
5.800
|
6.200
|
+0.400
|
|
3 months Saver
|
4.050
|
4.050
|
0.000
|
|
3 months closed
|
4.400
|
4.400
|
0.000
|
|
6 months closed
|
5.100
|
5.350
|
+0.250
|
|
1 year closed
|
5.000
|
5.300
|
+0.300
|
|
2 years closed
|
5.900
|
6.300
|
+0.400
|
|
3 years closed
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6.200
|
6.600
|
+0.400
|
|
4 years closed
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6.850
|
7.100
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+0.250
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|
5 years closed
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7.300
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7.400
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+0.100
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|
7 years closed
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7.900
|
8.100
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+0.200
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10 years closed
|
8.450
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8.550
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+0.100
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- 30 -
| Information: |
Carole Gagné
Senior Manager
Public Relations Department
National Bank of Canada
(514) 394-6991
carole.gagne@bnc.ca |
* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives. |
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