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National Bank adjusts its mortgage rates
Montreal, 24 May 2006 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of May 25, 2006.
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TERM
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CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
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FIXED-RATE OPEN TERM
|
|
|
|
|
6 months open
|
8.050
|
8.050
|
0.000
|
|
1 year open
|
8.400
|
8.400
|
0.000
|
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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
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6.300
|
6.300
|
0.000
|
|
3 years closed
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6.450
|
6.450
|
0.000
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|
4 years closed
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6.550
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6.550
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0.000
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5 years closed
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6.750
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6.750
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0.000
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7 years closed
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7.300
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7.300
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0.000
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10 years closed
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7.550
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7.550
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0.000
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VARIABLE-RATE CLOSED TERM
|
|
|
|
|
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5.500
|
5.750
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0.250
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5 years Saver
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5.950
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5.950
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0.000
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5 years Capped rate
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5.750
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6.000
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0.250
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Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):
Denis Dubé
Senior Director – Public Relations
National Bank of Canada
Tel.: (514) 394-8644
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