National Bank adjusts its mortgage rates

Montreal, 16 January 2002 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 16, 2002.
 

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

5.400

5.150

-0.250

1 year open

5.400

5.150

-0.250

3 months Saver

4.050

4.050

0.000

3 months closed

4.400

4.400

0.000

6 months closed

4.950

4.700

-0.250

1 year closed

4.600

4.350

-0.250

2 years closed

5.300

5.050

-0.250

3 years closed

5.750

5.750

0.000

4 years closed

6.550

6.550

0.000

5 years closed

6.850

6.850

0.000

7 years closed

7.600

7.600

0.000

10 years closed

8.150

8.150

0.000


- 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.