National Bank adjusts its mortgage rates

Montreal, 22 May 2002 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 23, 2002.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

5.950

6.050

+0.100

1 year open

6.200

6.350

+0.150

3 months Saver

4.300

4.300

0.000

3 months closed

4.650

4.650

0.000

6 months closed

5.500

5.500

0.000

1 year closed

5.400

5.550

+0.150

2 years closed

6.300

6.450

+0.150

3 years closed

6.600

6.750

+0.150

4 years closed

7.100

7.200

+0.100

5 years closed

7.300

7.400

+0.100

7 years closed

8.000

8.100

+0.100

10 years closed

8.500

8.600

+0.100


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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.