Press Releases

National Bank adjusts its Mortgage rates

Montreal, 7 January 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 8, 2003.

TERM

CURRENT RATE (%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

6 months open

6.600

6.600

0.000

1 year open

6.550

6.550

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

5.200

5.200

0.000

6 months closed

5.450

5.450

0.000

1 year closed

4.750

4.750

0.000

2 years closed

5.300

5.300

0.000

3 years closed

5.900

5.800

-0.100

4 years closed

6.250

6.150

-0.100

5 years closed

6.450

6.350

-0.100

7 years closed

7.550

7.350

-0.200

10 years closed

7.900

7.800

-0.100

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.250

4.250

0.000

5 years Saver

4.850

4.850

0.000

5 years Capped rate

4.900

4.900

0.000


Information :

Denis Dubé
Manager
Public Relations Department
National Bank of Canada
514 394-8644