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Home > News Room > PRESS RELEASES
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National Bank adjusts its mortgage rates
Montreal, 27 September 2005 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of September 28, 2005.
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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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6.900
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6.900
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0.000
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1 year open
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7.050
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7.050
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0.000
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FIXED-RATE CLOSED TERM
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3 months closed
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4.950
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5.050
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0.100
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6 months closed
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5.050
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5.050
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0.000
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1 year closed
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5.000
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5.050
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0.050
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2 years closed
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5.250
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5.250
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0.000
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3 years closed
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5.400
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5.400
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0.000
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4 years closed
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5.700
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5.700
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0.000
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5 years closed
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5.800
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5.800
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0.000
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7 years closed
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6.750
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6.750
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0.000
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10 years closed
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7.150
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7.150
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0.000
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VARIABLE-RATE CLOSED TERM
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4.250
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4.250
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0.000
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5 years Saver
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4.600
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4.700
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0.100
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5 years Capped rate
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4.500
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4.500
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0.000
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Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Denis Dubé
Director – Public Relations Department
National Bank of Canada
Tel.: (514) 394-8644
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