National Bank adjusts its mortgage rates

Montreal, 18 June 2002 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of June 19, 2002.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

6 months open

6.050

6.150

+0.100

1 year open

6.350

6.350

0.000

3 months Saver

4.650

4.650

0.000

3 months closed

5.000

5.000

0.000

6 months closed

5.500

5.750

+0.250

1 year closed

5.550

5.550

0.000

2 years closed

6.450

6.300

-0.150

3 years closed

6.750

6.600

-0.150

4 years closed

7.200

7.050

-0.150

5 years closed

7.400

7.250

-0.150

7 years closed

8.100

7.950

-0.150

10 years closed

8.600

8.450

-0.150


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Information:

Denis Dubé
Manager
Public Relations Department
National Bank of Canada
(514) 394-8644
denis.dube@bnc.ca

* The telephone number and e-mail address are for the exclusive use of journalists and other media representatives.