Press Releases

National Bank adjusts its Mortgage rates

Montreal, 17 February 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of February 18, 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

4.750

-0.200

6 months closed

5.300

5.300

0.000

1 year closed

4.400

4.250

-0.150

2 years closed

4.800

4.800

0.000

3 years closed

5.300

5.300

0.000

4 years closed

5.600

5.600

0.000

5 years closed

5.800

5.800

0.000

7 years closed

6.750

6.750

0.000

10 years closed

7.500

7.500

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

4.000

4.000

0.000

5 years Saver

4.600

4.400

-0.200

5 years Capped rate

4.650

4.650

0.000

 

Information :

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