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National Bank adjusts its mortgage rates
Montreal, 4 June 2002 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of June 5, 2002.
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TERM
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CURRENT RATE
(%)
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NEW RATE
(%)
|
CHANGE
|
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6 months open
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6.050
|
6.050
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0.000
|
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1 year open
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6.350
|
6.350
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0.000
|
|
3 months Saver
|
4.300
|
4.650
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+0.350
|
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3 months closed
|
4.650
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5.000
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+0.350
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6 months closed
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5.500
|
5.500
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0.000
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1 year closed
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5.550
|
5.550
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0.000
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2 years closed
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6.450
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6.450
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0.000
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3 years closed
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6.750
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6.750
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0.000
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4 years closed
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7.200
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7.200
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0.000
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5 years closed
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7.400
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7.400
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0.000
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7 years closed
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8.100
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8.100
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0.000
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10 years closed
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8.600
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8.600
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0.000
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- 30 -
| Information: |
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
(514) 394-8644
denis.dube@bnc.ca
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* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives. |
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