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National Bank adjusts its mortgage rates
Montreal, 5 July 2006 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of July 6, 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
|
8.400
|
8.400
|
0.000
|
|
1 year open
|
8.750
|
8.750
|
0.000
|
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 months closed
|
6.550
|
6.550
|
0.000
|
|
6 months closed
|
6.600
|
6.600
|
0.000
|
|
1 year closed
|
6.600
|
6.600
|
0.000
|
|
2 years closed
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6.650
|
6.650
|
0.000
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|
3 years closed
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6.750
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6.800
|
0.050
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4 years closed
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6.850
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6.950
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0.100
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5 years closed
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6.950
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7.050
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0.100
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|
7 years closed
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7.450
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7.550
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0.100
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10 years closed
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7.700
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7.800
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0.100
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VARIABLE-RATE CLOSED TERM
|
|
|
|
|
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5.750
|
5.750
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0.000
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5 years Saver
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6.200
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6.200
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0.000
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5 years Capped rate
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6.000
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6.000
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0.000
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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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