National Bank adjusts its mortgage rates

Montreal, 24 July 2002 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 25, 2002.

 

TERM

CURRENT RATE (%)

NEW RATE
(%)

CHANGE

6 months open

6.150

5.950

-0.200

1 year open

6.350

6.150

-0.200

3 months Saver

4.900

4.900

0.000

3 months closed

5.250

5.250

0.000

6 months closed

5.750

5.550

-0.200

1 year closed

5.550

5.350

-0.200

2 years closed

6.300

6.100

-0.200

3 years closed

6.600

6.400

-0.200

4 years closed

7.050

6.850

-0.200

5 years closed

7.250

7.050

-0.200

7 years closed

7.950

7.750

-0.200

10 years closed

8.450

8.250

-0.200


-30-

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