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National Bank adjusts its mortgage rates
Montreal, 28 January 2002 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 28, 2002.
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TERM
|
CURRENT RATE (%)
|
NEW RATE
(%)
|
CHANGE
|
|
6 months open
|
5.150
|
5.350
|
0.200
|
|
1 year open
|
5.150
|
5.350
|
0.200
|
|
3 months Saver
|
4.050
|
4.050
|
0.000
|
|
3 months closed
|
4.400
|
4.400
|
0.000
|
|
6 months closed
|
4.700
|
4.900
|
0.200
|
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1 year closed
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4.350
|
4.550
|
0.200
|
|
2 years closed
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5.050
|
5.450
|
0.400
|
|
3 years closed
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5.750
|
6.050
|
0.300
|
|
4 years closed
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6.550
|
6.700
|
0.150
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|
5 years closed
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6.850
|
7.000
|
0.150
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7 years closed
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7.600
|
7.750
|
0.150
|
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10 years closed
|
8.150
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8.300
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0.150
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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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