Press Releases

National Bank adjusts its Mortgage rates

Montreal, 13 April 2004 -

National Bank of Canada has adjusted its rates for residential mortgages. The new rates are effective as of April 14, 2004.

TERM

CURRENT RATE (%)

NEW RATE
(%)

CHANGE

FIXED-RATE OPEN TERM

 

6 months open

6.60

6.60

0.000

1 year open

6.65

6.65

0.000

FIXED-RATE CLOSED TERM

 

 

 

3 month closed

4.65

4.40

-0.250

6 months closed

5.15

5.15

0.000

1 year closed

4.45

4.45

0.000

2 years closed

4.75

4.75

0.000

3 years closed

5.35

5.35

0.000

4 years closed

5.75

5.75

0.000

5 years closed

5.95

5.95

0.000

7 years closed

7.05

7.05

0.000

10 years closed

7.75

7.75

0.000

VARIABLE-RATE CLOSED TERM

 

 

 

5 years Variable rate (discount included)

3.75

3.50

-0.250

5 years Saver

4.30

4.05

-0.250

5 years Capped rate

4.40

4.15

-0.250

Information :

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