|
National Bank adjusts its mortgage rates
Montreal, 8 August 2002 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of August 9, 2002.
|
TERM
|
CURRENT RATE (%)
|
NEW RATE(%)
|
CHANGE
|
|
6 months open
|
5.950
|
5.950
|
0.000
|
|
1 year open
|
6.150
|
6.150
|
0.000
|
|
3 months Saver
|
4.900
|
4.900
|
0.000
|
|
3 months closed
|
5.250
|
5.250
|
0.000
|
|
6 months closed
|
5.550
|
5.550
|
0.000
|
|
1 year closed
|
5.350
|
5.350
|
0.000
|
|
2 years closed
|
6.100
|
5.850
|
-0.250
|
|
3 years closed
|
6.400
|
6.150
|
-0.250
|
|
4 years closed
|
6.850
|
6.600
|
-0.250
|
|
5 years closed
|
7.050
|
6.800
|
-0.250
|
|
7 years closed
|
7.750
|
7.500
|
-0.250
|
|
10 years closed
|
8.250
|
8.000
|
-0.250
|
-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
|
|
