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Home > News Room > PRESS RELEASES
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National Bank adjusts its Mortgage rates
Montreal, 26 August 2004 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of August 27, 2004.
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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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6.650
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6.650
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0.000
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1 year open
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6.700
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6.950
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0.250
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FIXED-RATE CLOSED TERM
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3 month closed
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4.400
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4.400
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0.000
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6 months closed
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5.150
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5.300
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0.150
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1 year closed
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4.350
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4.500
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0.150
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2 years closed
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5.050
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5.150
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0.100
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3 years closed
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5.500
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5.700
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0.200
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4 years closed
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6.150
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6.200
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0.050
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5 years closed
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6.300
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6.400
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0.100
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7 years closed
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7.450
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7.450
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0.000
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10 years closed
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7.950
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7.950
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0.000
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VARIABLE-RATE CLOSED TERM
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3.500
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3.500
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0.000
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5 years Saver
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4.050
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4.050
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0.000
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5 years Capped rate
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4.150
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4.150
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0.000
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Information : (The telephone number and e-mail address provided below are for the exclusive use of journalists and other media representatives.)
Denis Dubé
Manager, Public Relations Department
Tel.: (514) 394-8644
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