Press Releases

National Bank adjusts its Mortgage rates

Montreal, 16 February 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of February 17, 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

5.400

5.300

-0.100

4 years closed

5.750

5.600

-0.150

5 years closed

6.000

5.800

-0.200

7 years closed

7.000

6.750

-0.250

10 years closed

7.600

7.500

-0.100

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