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National Bank adjusts its mortgage rates
Montreal, 28 September 2006 - National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of September 29, 2006.
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TERM
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CURRENT RATE
(%)
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NEW RATE
(%)
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CHANGE
|
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FIXED-RATE OPEN TERM
|
|
|
|
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6 months open
|
8.200
|
8.200
|
0.000
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1 year open
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8.550
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8.550
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0.000
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FIXED-RATE CLOSED TERM
|
|
|
|
|
3 month closed
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6.350
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6.350
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0.000
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6 months closed
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6.400
|
6.400
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0.000
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1 year closed
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6.400
|
6.400
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0.000
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2 years closed
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6.450
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6.450
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0.000
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3 years closed
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6.500
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6.500
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0.000
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4 years closed
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6.600
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6.500
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-0.100
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5 years closed
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6.700
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6.600
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-0.100
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7 years closed
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7.250
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7.150
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-0.100
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10 years closed
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7.500
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7.400
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-0.100
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VARIABLE-RATE CLOSED TERM
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|
|
|
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5.750
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5.750
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0.000
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5 years Saver
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6.000
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6.000
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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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