National Bank adjusts its mortgage rates

Montreal, 28 February 2006 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of March 1, 2006.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

7.650

7.850

0.200

1 year open

7.950

8.200

0.250

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

5.900

6.100

0.200

6 months closed

5.850

6.050

0.200

1 year closed

5.850

6.050

0.200

2 years closed

5.950

6.100

0.150

3 years closed

6.100

6.200

0.100

4 years closed

6.200

6.200

0.000

5 years closed

6.450

6.450

0.000

7 years closed

7.150

7.150

0.000

10 years closed

7.250

7.250

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.000

5.000

0.000

5 years Saver

5.550

5.750

0.200

5 years Capped rate

5.250

5.250

0.000

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