National Bank adjusts its mortgage rates

Montreal, 24 January 2006 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 25, 2006.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

7.550

7.550

0.000

1 year open

7.850

7.850

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

5.900

5.900

0.000

6 months closed

5.800

5.800

0.000

1 year closed

5.800

5.800

0.000

2 years closed

5.900

5.900

0.000

3 years closed

6.000

6.000

0.000

4 years closed

6.200

6.200

0.000

5 years closed

6.300

6.300

0.000

7 years closed

7.000

7.000

0.000

10 years closed

7.150

7.150

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.750

5.000

0.250

5 years Saver

5.550

5.550

0.000

5 years Capped rate

5.000

5.250

0.250

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