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National Bank adjusts its mortgage rates
Montreal, 16 July 2002 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 17, 2002.
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TERM
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CURRENT RATE (%)
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NEW RATE(%)
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CHANGE
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6 months open
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6.150
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6.150
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0.000
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1 year open
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6.350
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6.350
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0.000
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3 months Saver
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4.650
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4.900
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0.250
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3 months closed
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5.000
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5.250
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0.250
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6 months closed
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5.750
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5.750
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0.000
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1 year closed
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5.550
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5.550
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0.000
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2 years closed
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6.300
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6.300
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0.000
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3 years closed
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6.600
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6.600
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0.000
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4 years closed
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7.050
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7.050
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0.000
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5 years closed
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7.250
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7.250
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0.000
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7 years closed
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7.950
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7.950
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0.000
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10 years closed
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8.450
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8.450
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0.000
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-30-
Information:
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Denis Dubé
Director of Public Relations
National Bank of Canada
Tel.: (514) 394-8644
E-mail: denis.dube@bnc.ca
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* the following telephone number and e-mail address are intended solely for the use of journalists and other media representatives
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