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National Bank adjusts its Mortgage rates
Montreal, 13 April 2004 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 14, 2004.
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TERM
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CURRENT RATE (%)
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NEW RATE
(%)
|
CHANGE
|
|
FIXED-RATE OPEN TERM
|
|
|
6 months open
|
6.60
|
6.60
|
0.000
|
|
1 year open
|
6.65
|
6.65
|
0.000
|
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
|
4.65
|
4.40
|
-0.250
|
|
6 months closed
|
5.15
|
5.15
|
0.000
|
|
1 year closed
|
4.45
|
4.45
|
0.000
|
|
2 years closed
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4.75
|
4.75
|
0.000
|
|
3 years closed
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5.35
|
5.35
|
0.000
|
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4 years closed
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5.75
|
5.75
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0.000
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5 years closed
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5.95
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5.95
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0.000
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7 years closed
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7.05
|
7.05
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0.000
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10 years closed
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7.75
|
7.75
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0.000
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VARIABLE-RATE CLOSED TERM
|
|
|
|
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5 years Variable rate (discount included)
|
3.75
|
3.50
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-0.250
|
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5 years Saver
|
4.30
|
4.05
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-0.250
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5 years Capped rate
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4.40
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4.15
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-0.250
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Information :
Denis Dubé
Manager
Public Relations Department
National Bank of Canada
514 394-8644
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