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National Bank adjusts its Mortgage rates
Montreal, 23 July 2003 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 24, 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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6.600
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6.600
|
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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|
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3 month closed
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5.450
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5.450
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0.000
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6 months closed
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5.850
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5.750
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-0.100
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1 year closed
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4.900
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4.500
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-0.400
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2 years closed
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5.200
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4.850
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-0.350
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3 years closed
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5.850
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5.450
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-0.400
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4 years closed
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6.150
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5.900
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-0.250
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5 years closed
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6.300
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6.200
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-0.100
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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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7.700
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-0.150
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VARIABLE-RATE CLOSED TERM
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|
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5 years Variable rate
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4.750
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4.750
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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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5.150
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5.150
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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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