|
National Bank adjusts its mortgage rates
Montreal, 10 March 2006 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of March 13, 2006.
|
TERM
|
CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
|
FIXED-RATE OPEN TERM
|
|
|
|
|
6 months open
|
7.850
|
7.850
|
0.000
|
|
1 year open
|
8.200
|
8.200
|
0.000
|
|
FIXED-RATE CLOSED TERM
|
|
|
|
|
3 months closed
|
6.100
|
6.100
|
0.000
|
|
6 months closed
|
6.050
|
6.050
|
0.000
|
|
1 year closed
|
6.050
|
6.050
|
0.000
|
|
2 years closed
|
6.100
|
6.100
|
0.000
|
|
3 years closed
|
6.200
|
6.200
|
0.000
|
|
4 years closed
|
6.200
|
6.250
|
0.050
|
|
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
|
|
|
|
|
|
5.250
|
5.250
|
0.000
|
|
5 years Saver
|
5.750
|
5.750
|
0.000
|
|
5 years Capped rate
|
5.500
|
5.500
|
0.000
|
Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Denis Dubé
Director – Public Relations
National Bank of Canada
Tel.: (514) 394-8644
| 
