Press Releases

National Bank adjusts its Mortgage rates

Montreal, 2 April 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 5, 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

6.650

0.100

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.650

4.650

0.000

6 months closed

5.150

5.150

0.000

1 year closed

4.250

4.450

0.200

2 years closed

4.550

4.750

0.200

3 years closed

5.200

5.350

0.150

4 years closed

5.500

5.750

0.250

5 years closed

5.700

5.950

0.250

7 years closed

6.750

7.050

0.300

10 years closed

7.500

7.750

0.250

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

3.750

3.750

0.000

5 years Saver

4.300

4.300

0.000

5 years Capped rate

4.400

4.400

0.000


 

Information :

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