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National Bank adjusts its Mortgage rates
Montreal, 15 July 2003 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 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
|
6.600
|
6.600
|
0.000
|
|
1 year open
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6.450
|
6.450
|
0.000
|
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
|
5.700
|
5.450
|
-0.250
|
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6 months closed
|
5.850
|
5.850
|
0.000
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1 year closed
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4.900
|
4.900
|
0.000
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2 years closed
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5.200
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5.200
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0.000
|
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3 years closed
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5.850
|
5.850
|
0.000
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4 years closed
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6.150
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6.150
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0.000
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5 years closed
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6.300
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6.300
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0.000
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7 years closed
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7.100
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7.100
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0.000
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10 years closed
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7.850
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7.850
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0.000
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VARIABLE-RATE CLOSED TERM
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|
|
|
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5 years Variable rate
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5.000
|
4.750
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-0.250
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5 years Saver
|
5.350
|
5.100
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-0.250
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5 years Capped rate
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5.400
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5.150
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-0.250
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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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