National Bank adjusts its mortgage rates

Montreal, 5 April 2006 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 6, 2006.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

7.850

7.950

0.100

1 year open

8.200

8.300

0.100

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

6.100

6.200

0.100

6 months closed

6.050

6.150

0.100

1 year closed

6.050

6.150

0.100

2 years closed

6.100

6.200

0.100

3 years closed

6.200

6.300

0.100

4 years closed

6.250

6.400

0.150

5 years closed

6.450

6.600

0.150

7 years closed

7.150

7.150

0.000

10 years closed

7.250

7.350

0.100

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.250

5.250

0.000

5 years Saver

5.750

5.850

0.100

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