Press Releases

National Bank adjusts its Mortgage rates

Montreal, 16 January 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 19, 2004.

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

5.050

-0.150

6 months closed

5.450

5.300

-0.150

1 year closed

4.750

4.500

-0.250

2 years closed

5.300

5.050

-0.250

3 years closed

5.800

5.650

-0.150

4 years closed

6.150

6.000

-0.150

5 years closed

6.350

6.150

-0.200

7 years closed

7.350

7.200

-0.150

10 years closed

7.800

7.750

-0.050

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.250

4.250

0.000

5 years Saver

4.850

4.700

-0.150

5 years Capped rate

4.900

4.900

0.000

Information :

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