National Bank Financial Group adjusts its mortgage rates

Montreal, 5 April 2011 - 

National Bank Financial Group has adjusted its rates for residential mortgages. The new rates are effective as of Wednesday, April 6, 2011.

TERM

CURRENT RATE (%)

NEW RATE (%)

CHANGE

FIXED-RATE OPEN TERM

 

 

 

6 months open

6.700

6.700

0.000

1 year open

6.300

6.300

0.000

FIXED-RATE CLOSED TERM

 

 

 

6 months closed

4.450

4.450

0.000

1 year closed

3.500

3.700

0.200

2 years closed

3.750

4.050

0.300

3 years closed

4.350

4.550

0.200

4 years closed

4.990

5.190

0.200

5 years closed

5.340

5.690

0.350

7 years closed

6.340

6.550

0.210

10 years closed

6.400

6.750

0.350

SPECIAL OFFER

 

 

 

Promotional rate 5 years closed

4.090

4.340

0.250

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate

2.850

2.850

0.000

5 years Capped rate

3.000

3.000

0.000

Capped rate

5.340

5.690

0.350

About National Bank of Canada
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world.  National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $152 billion in assets and, together with its subsidiaries, employs 18,407 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca. To access National Bank Financial Group’s financial education portal, visit www.clearfacts.ca.

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

Joan Beauchamp                                                                           
Senior Advisor, Public Relations
National Bank Financial Group
Tel.: 514-394-6500