Press Releases

National Bank adjusts its Mortgage rates

Montréal, 29 January 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of January 30, 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

4.950

4.950

0.000

6 months closed

5.300

5.300

0.000

1 year closed

4.400

4.400

0.000

2 years closed

4.800

4.800

0.000

3 years closed

5.500

5.400

-0.100

4 years closed

5.750

5.750

0.000

5 years closed

6.050

6.000

-0.050

7 years closed

7.000

7.000

0.000

10 years closed

7.600

7.600

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.600

4.600

0.000

5 years Capped rate

4.650

4.650

0.000


 

Information :

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