National Bank adjusts its mortgage rates

Montreal, 5 February 2002 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of February 6, 2002.
 

TERM

CURRENT RATE (%)

NEW RATE
(%)

CHANGE

6 months open

5.350

5.350

0.000

1 year open

5.350

5.350

0.000

3 months Saver

4.050

4.050

0.000

3 months closed

4.400

4.400

0.000

6 months closed

4.900

4.900

0.000

1 year closed

4.550

4.550

0.000

2 years closed

5.450

5.450

0.000

3 years closed

6.050

5.750

-0.300

4 years closed

6.700

6.550

-0.150

5 years closed

7.000

6.850

-0.150

7 years closed

7.750

7.600

-0.150

10 years closed

8.300

8.150

-0.150


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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.