National Bank adjusts its mortgage rates

Montreal, 25 April 2006 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 26, 2006.

TERM

CURRENT RATE
(%)

NEW RATE
(
%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

8.050

8.050

0.000

1 year open

8.400

8.400

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

6.300

6.300

0.000

6 months closed

6.250

6.250

0.000

1 year closed

6.250

6.250

0.000

2 years closed

6.300

6.300

0.000

3 years closed

6.450

6.450

0.000

4 years closed

6.550

6.550

0.000

5 years closed

6.750

6.750

0.000

7 years closed

7.300

7.300

0.000

10 years closed

7.550

7.550

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.250

5.500

0.250

5 years Saver

5.950

5.950

0.000

5 years Capped rate

5.500

5.750

0.250

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