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National Bank adjusts its Mortgage rates

Montreal, 30 July 2003 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 31, 2003.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

6 months open

6.600

6.600

0.000

1 year open

6.450

6.450

0.000

FIXED-RATE CLOSED TERM

3 month closed

5.450

5.450

0.000

6 months closed

5.750

5.350

-0.400

1 year closed

4.500

4.550

0.050

2 years closed

4.850

5.000

0.150

3 years closed

5.450

5.500

0.050

4 years closed

5.900

5.900

0.000

5 years closed

6.200

6.200

0.000

7 years closed

7.100

7.100

0.000

10 years closed

7.700

7.700

0.000

VARIABLE-RATE CLOSED TERM

5 years Variable rate

4.500

4.500

0.000

5 years Saver

5.100

5.100

0.000

5 years Capped rate

5.150

5.150

0.000


Information :
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
514 394-8644
denis.dube@bnc.ca