National Bank adjusts its mortgage rates

Montreal, 26 June 2006 - 

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of June 27, 2006.

TERM

CURRENT RATE
(%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

8.300

8.400

0.100

1 year open

8.650

8.750

0.100

FIXED-RATE CLOSED TERM

 

 

 

3 months closed

6.450

6.550

0.100

6 months closed

6.500

6.600

0.100

1 year closed

6.500

6.600

0.100

2 years closed

6.500

6.650

0.150

3 years closed

6.550

6.750

0.200

4 years closed

6.550

6.850

0.300

5 years closed

6.750

6.950

0.200

7 years closed

7.300

7.450

0.150

10 years closed

7.550

7.700

0.150

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

5.750

5.750

0.000

5 years Saver

6.100

6.200

0.100

5 years Capped rate

6.000

6.000

0.000

Information (The telephone number provided below is for the exclusive use of journalists and other media representatives.):

Josée Lagacé
Public Relations
National Bank of Canada
Tel.: (514) 394-6500