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National Bank adjusts its Mortgage rates
Montreal, 15 May 2003 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May,16, 2003.
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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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6 months open
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6.450
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6.450
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0.000
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1 year open
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6.450
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6.450
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0.000
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FIXED-RATE CLOSED TERM
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3 month closed
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5.700
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5.700
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0.000
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6 months closed
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5.950
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5.950
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0.000
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1 year closed
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5.350
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5.350
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0.000
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2 years closed
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5.700
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5.700
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0.000
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3 years closed
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6.100
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6.100
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0.000
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4 years closed
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6.400
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6.400
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0.000
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5 years closed
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6.500
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6.500
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0.000
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7 years closed
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6.950
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6.950
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0.000
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10 years closed
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8.150
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7.900
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-0.250
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VARIABLE-RATE CLOSED TERM
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5 years Variable rate
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5.000
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5.000
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0.000
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5 years Saver
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5.350
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5.350
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0.000
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5 years Capped rate
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5.400
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5.400
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0.000
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Information :
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
514 394-8644
denis.dube@bnc.ca
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