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.

TERM

CURRENT RATE (%)

NEW RATE(%)

CHANGE

6 months open

6.150

6.150

0.000

1 year open

6.350

6.350

0.000

3 months Saver

4.650

4.900

0.250

3 months closed

5.000

5.250

0.250

6 months closed

5.750

5.750

0.000

1 year closed

5.550

5.550

0.000

2 years closed

6.300

6.300

0.000

3 years closed

6.600

6.600

0.000

4 years closed

7.050

7.050

0.000

5 years closed

7.250

7.250

0.000

7 years closed

7.950

7.950

0.000

10 years closed

8.450

8.450

0.000


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Information:





Denis Dubé
Director of Public Relations
National Bank of Canada
Tel.: (514) 394-8644
E-mail: denis.dube@bnc.ca

* the following telephone number and e-mail address are intended solely for the use of journalists and other media representatives