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National Bank adjusts its mortgage rates
Montreal, 9 January 2003 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January, 10 2003.
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TERM
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CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
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FIXED-RATE OPEN TERM
|
|
|
|
|
6 months open
|
5.950
|
5.950
|
0.000
|
|
1 year open
|
5.950
|
5.950
|
0.000
|
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FIXED-RATE CLOSED TERM
|
|
3 month closed
|
5.450
|
5.450
|
0.000
|
|
6 months closed
|
5.550
|
5.550
|
0.000
|
|
1 year closed
|
4.950
|
4.900
|
-0.050
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|
2 years closed
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5.600
|
5.600
|
0.000
|
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3 years closed
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6.000
|
6.000
|
0.000
|
|
4 years closed
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6.450
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6.200
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-0.250
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5 years closed
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6.700
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6.450
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-0.250
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7 years closed
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7.550
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7.300
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-0.250
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10 years closed
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8.000
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8.000
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0.000
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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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5.100
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5.100
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0.000
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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 :
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
514 394-8644
denis.dube@bnc.ca
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