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National Bank adjusts its mortgage rates
Montreal, 3 April 2007 - National Bank has adjusted its rates for residential mortgages. The new rates are effective as of April 4, 2007.
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TERM
|
CURRENT RATE
(%)
|
NEW RATE
(%)
|
CHANGE
|
|
FIXED-RATE OPEN TERM
|
|
|
|
|
6 months open
|
8.250
|
8.250
|
0.000
|
|
1 year open
|
8.550
|
8.550
|
0.000
|
|
FIXED-RATE CLOSED TERM
|
|
|
|
|
3 months closed
|
6.450
|
6.450
|
0.000
|
|
6 months closed
|
6.450
|
6.450
|
0.000
|
|
1 year closed
|
6.400
|
6.400
|
0.000
|
|
2 years closed
|
6.500
|
6.500
|
0.000
|
|
3 years closed
|
6.500
|
6.500
|
0.000
|
|
4 years closed
|
6.500
|
6.500
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0.000
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5 years closed
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6.500
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6.450
|
-0.050
|
|
7 years closed
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6.750
|
6.750
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0.000
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10 years closed
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7.300
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7.300
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0.000
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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
|
6.100
|
6.100
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0.000
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5 years Capped rate
|
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.):
Louis Garneau
Public Relations
National Bank of Canada
Tel.: (514) 394-6500
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