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National Bank adjusts its Mortage rates
Montreal, 6 November 2002 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of November, 7 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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FIXED-RATE OPEN TERM
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|
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6 months open
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6.150
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5.950
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-0.200
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1 year open
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6.150
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5.950
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-0.200
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FIXED-RATE CLOSED TERM
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|
3 month closed
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5.650
|
5.450
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-0.200
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6 months closed
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5.750
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5.550
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-0.200
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1 year closed
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5.300
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5.100
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-0.200
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2 years closed
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5.800
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5.600
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-0.200
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3 years closed
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6.200
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6.000
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-0.200
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4 years closed
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6.650
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6.450
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-0.200
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5 years closed
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7.000
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6.800
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-0.200
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7 years closed
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7.750
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7.550
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-0.200
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10 years closed
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8.200
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8.000
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-0.200
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VARIABLE-RATE CLOSED TERM
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5 years Variable rate
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4.500
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4.500
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0.000
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5 years Saver
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5.300
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5.100
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-0.200
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5 years Capped rate
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4.900
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4.900
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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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