National Bank adjusts its mortgage rates

Montreal, 9 May 2002 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 10, 2002.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

5.800

5.950

+0.150

1 year open

6.350

6.350

0.000

3 months Saver

4.300

4.300

0.000

3 months closed

4.650

4.650

0.000

6 months closed

5.350

5.500

+0.150

1 year closed

5.400

5.400

0.000

2 years closed

6.450

6.450

0.000

3 years closed

6.750

6.750

0.000

4 years closed

7.250

7.250

0.000

5 years closed

7.450

7.300

-0.150

7 years closed

8.200

8.000

-0.200

10 years closed

8.700

8.500

-0.200


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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.